September 5, 2019 / 8:10 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- September 05, 2019

Nagpur Soybean, Soyoil, Soymeal Open-September 5, 2018

Nagpur, Sept 5 (Reuters) – In range-bound trade, soyabean and cottonseed oil prices moved down
at the Vidarbha region of Western Maharashtra today largely on reduced offtake amid weak global
trend. Sentiment turned bearish after Malaysian palm oil and American soya digam reported
downward trend. Sharp fall on NCDEX in soyabean and easy condition in Madhya Pradesh soyabean
oil also affected sentiment, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, castor and 
    coconut KP oil ruled steady here in weak trading activity.  
  * Traders expect easy condition in soyabean and cottonseed oil here. 
    
   SOYMEAL
  * Soymeal prices today recovered further on good demand from South-based traders. 
    Notable rise in international soymeal prices also boosted sentiment.       
                                         
   SOYABEAN
  * Soyabean prices reported good rise in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid tight supply 
    from producing regions. Good recovery in Madhya Pradesh soyabean prices, fresh hike 
    in soymeal and reported demand from South-based plants also boosted prices. 
    About 100 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    34,000-36,900       33,500-36,400         --
    (Available price)
    Market delivery    34,100-37,000       33,600-36,500          --
    (Traders price)
    Plant delivery     37,700-38,000       37,700-38,000          --

    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.             2,100-2,300
    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         759            763
    Soyoil solvent crushing plant delivery         719            723    
    Cottonseed refined                             780            785
    Cottonseed solvent                             740            745
    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                                 762            765
    Soyoil Solvent                                 722            725
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 762            766
    Soyoil Solvent                                 722            726        
    Cottonseed refined oil                         800          800 
    Cottonseed solvent                             760            765

    DHULIA
    Soyoil refined                                 762            765
  
    KHAMGAON
    Soyoil refined 
                                                767            771
    JALNA
    Soyoil refined 
                                                   766            769
    NANDED
    Soyoil refined                                 753            756
   
    Soyoil refined prices at other places in Maharashtra : Latur - 757, 
    Khamgaon – 763, Washim – 753, Solapur – 760, Sangli – 764.

    (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)                  32,400-33,000    32,200-32,800
      
    Soymeal prices at other places in Maharashtra : Akola – 32,900, 
    Washim – 32,800, Dhulia – 34,100, Hingoli – 33,500, Jalna – 33,000,
    Nandurbar – 33,300, Khamgaon – 32,600, Latur – 33,800, Nanded – 33,900,
    Solapur – 33,500, Dharwad – 33,900, Sangli – 33,100

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

WEATHER (NAGPUR)  
Maximum temp. 29.3 degree Celsius, minimum temp. 23.7 degree Celsius 
Rainfall : 13.4 mm
FORECAST: Generally cloudy sky with moderate rains. Maximum and minimum temperature likely to be
around 30 degree Celsius and 24 degree Celsius respectively.

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