September 9, 2019 / 12:26 PM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- September 09, 2019

Nagpur Soybean, Soyoil, Soymeal Open-September 9, 2019

Nagpur, Sept 9 (Reuters) – Soyabean oil today declined in Vidarbha region of Western Maharashtra
on stockists, driven by higher imports amid weak global cues. Fall in demand from millers and
retailers also put pressure on soyabean oil. Besides, sufficient stocks, weak trend on NCDEX and
easy condition in Madhya Pradesh soyabean oil also affected sentiment in thin trading activity,
sources said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in weak trading activity.  
  * Traders expect easy nearly steady trend in major edible oils. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor.       
                                         
   SOYABEAN
  * Soyabean prices reported weak in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Fresh fall in soyabean 
    Oil, no takers to soymeal and downward trend in Madhya Pradesh soyabean 
    prices also pulled down prices. 
    About 600 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    34,000-36,250       34,500-36,500         --
    (Available price)
    Market delivery    34,100-36,350       34,600-36,600          --
    (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 – 38,500, Jalna – 37,200, Nandurbar – 37,000, 
    Latur – 38,600, Nanded – 38,800, Solapur – 39,000, Sangli – 39,100.
        
    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         757            759
    Soyoil solvent crushing plant delivery         717            719    
    Cottonseed refined                             780            780
    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)                       1,330          1,330
    Castor oil (for 15 kg)                         1,890          1,890
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 759            761
    Soyoil Solvent                                 719            721
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 759            761
    Soyoil Solvent                                 719            721        
    Cottonseed refined oil                         800          800 
    Cottonseed solvent                             760            765

    DHULIA
    Soyoil refined                                 755            758
  
    KHAMGAON
    Soyoil refined 
                                                765            767
    JALNA
    Soyoil refined 
                                                   764            765
    NANDED
    Soyoil refined                                 751            754
   
    Soyoil refined prices at other places in Maharashtra : Latur - 755, 
    Khamgaon – 761, Washim – 751, Solapur – 758, Sangli – 762.

    (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    32,400-33,000
      
    Soymeal prices at other places in Maharashtra : Akola – 32,900, 
    Washim – 32,800, Dhulia – 33,700, Hingoli – 33,500, Jalna – 33,000,
    Nandurbar – 33,300, Khamgaon – 32,300, Latur – 33,000, Nanded – 33,200,
    Solapur – 33,500, Dharwad – 33,900, Sangli – 33,000

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

WEATHER (NAGPUR)  
Maximum temp. 27.1 degree Celsius, minimum temp. 23.5 degree Celsius 
Rainfall : 1.7 mm
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 31 degree Celsius and 24 degree Celsius respectively.

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