September 3, 2019 / 9:42 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- September 03, 2019

Nagpur Soybean, Soyoil, Soymeal Open-September 3, 2019

Nagpur, Sept 3 (Reuters) – Soyabean and cottonseed oil today suffered heavily in Vidarbha region
of Western Maharashtra on stockists selling, driven by higher imports amid weak global cues.
Fall in demand from millers and retailers also put pressure on these oil. Besides, sufficient
stocks, sharp fall on NCDEX and easy condition in Madhya Pradesh soyabean oil also affected
sentiment in thin trading activity, sources said Tuesday.


                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect downward trend in soyabean and cottonseed oil here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here on lack of demand from South-based traders.       
                                         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. Weak trend in 
    soyabean oil, no takers to soymeal, fresh fall on NCDEX and poor quality arrival also 
    affected prices in limited deals. 
    About 200 soyabean bags reported for auction in Nagpur APMC, according to 
    sources.  

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       (Auction price)    (Auction price)
    Market delivery    33,000-36,200       33,500-36,700         --
    (Available price)
    Market delivery    33,100-36,300       33,600-36,800          --
    (Traders price)
    Plant delivery     37,600-37,900       37,800-38,200          --

    Soybean yellow arrivals (in 90-kg bags) and prices (in rupees per tonne) 
in Vidarbha, according to officials of Agriculture Produce Marketing Committee
and trade sources.
                         Deliveries          Available prices
    Hinganghat             n.a.                   n.a.
    Akola                  n.a.               n.a.
    Amravati               n.a.                n.a. 
    Khamgaon               n.a.                   n.a.
    Wardha                 n.a.            n.a. 
    Arvi                   n.a.                   n.a.
    Umred                  n.a.                   n.a.
    Chandrapur             n.a.            n.a 

    Soyabean plant prices at other places in Maharashtra : Adilabad – n.a., 
    Akola – 37,800, Washim – 37,900, Khamgaon – 37,900, Dhulia – 37,800, 
    Hingoli – 38,700, Jalna – 37,200, Nandurbar – 37,000, 
    Latur – 38,900, Nanded – 39,100, Solapur – 39,300, Sangli – 38,600.
        
    Sunflower arrivals (in 50-kg bag), Rapeseed (in 40 Kg bag), groundnut and
Dhaniya arrivals (in 40 kg bag), linseed arrival (90 kg bag), Dhan arrival (75 kg bag), cotton
(100 kg) and prices (in rupees per 100 kilogram) in Nagpur, according to APMC sources:

                        Deliveries    Available prices    Previous close
    Sunflower              n.a.            n.a.                2,400-2,600
    Groundnut              n.a.            n.a.                700-900
    Linseed                n.a.            n.a.           4,300-4,600
    Castor                 n.a.            n.a.            2,850-3,000
    Rapeseed               n.a.            n.a.                1,520-1,625
    Til                    n.a.                n.a.                7,500-8,000
    Dhaniya                n.a.            n.a.           5,400-5,800 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,400-1,550
    Dhan                  n.a.            n.a.             1,900-2,150
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         765            769
    Soyoil solvent crushing plant delivery         725            728    
    Cottonseed refined                             785            790
    Cottonseed solvent                             745            750
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  940            940
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,320          1,320
    Castor oil (for 15 kg)                         1,890          1,890
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 766            770
    Soyoil Solvent                                 726            730
    Cottonseed refined                             800            805
    Cottonseed solvent                             760            765

    AKOLA
    Soyoil refined                                 766            769
    Soyoil Solvent                                 725            730        
    Cottonseed refined oil                         800          805 
    Cottonseed solvent                             760            765

    DHULIA
    Soyoil refined                                 770            773
  
    KHAMGAON
    Soyoil refined 
                                                772            774
    JALNA
    Soyoil refined 
                                                   771            773
    NANDED
    Soyoil refined                                 760            763
   
    Soyoil refined prices at other places in Maharashtra : Latur - 760, 
    Khamgaon – 767, Washim – 756, Solapur – 762, Sangli – 768.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.
     Soyabean and Cottonseed oil - 10 litre)                        
                                 
Nagpur soymeal prices in rupees per tonne

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  32,000-32,500    32,000-32,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,000, 
    Washim – 32,700, Dhulia – 32,900, Hingoli – 33,400, Jalna – 32,900,
    Nandurbar – 32,600, Khamgaon – 31,600, Latur – 33,200, Nanded – 33,300,
    Solapur – 33,400, Dharwad – 33,800, Sangli – 32,900

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices)

WEATHER (NAGPUR)  
Maximum temp. 29.5 degree Celsius, minimum temp. 23.4 degree Celsius 
Rainfall : 30.4 mm
FORECAST: Generally cloudy sky with moderate rains. Maximum and minimum temperature likely to be
around 30 degree Celsius and 24 degree Celsius respectively.

        *    *     *    *    *    *

  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below