September 10, 2019 / 8:13 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- September 10, 2019

Nagpur Soybean, Soyoil, Soymeal Open-September 10, 2019

Nagpur, Sept 10 (Reuters) – The slide in soyabean oil prices continued unabated in Vidarbha
region of Western Maharashtra for second day today on persistent selling by stockists amid good
supply from producing regions and weak trends in overseas markets. Sentiment turned bearish as
American soya digam reported down. Sharp fall on NCDEX in soyabean oil and downward trend in
Madhya Pradesh edible oil prices also affected sentiment, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect further fall in soyabean oil here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. Fresh rise in 
    international soymeal prices also affected sentiment.      
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased buying support from local crushing plants. Healthy rise 
    on NCDEX, good recovery in Madhya Pradesh soyabean prices and enquiries from South-
    based plants also boosted prices.
    About 400 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    33,500-36,500       33,500-36,250         --
    (Available price)
    Market delivery    33,600-36,600       33,600-36,350          --
    (Traders price)
    Plant delivery     37,900-38,250       37,700-38,100          --

    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 – 38,100, Washim – 38,200, Khamgaon – 38,200, Dhulia – 38,600, 
    Hingoli – 38,800, Jalna – 38,000, Nandurbar – 37,000, 
    Latur – 38,900, Nanded – 39,000, Solapur – 39,400, Sangli – 39,000.
        
    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         754            757
    Soyoil solvent crushing plant delivery         714            717    
    Cottonseed refined                             780            780
    Cottonseed solvent                             740            740
    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                                 756            759
    Soyoil Solvent                                 716            719
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 756            759
    Soyoil Solvent                                 716            719        
    Cottonseed refined oil                         800          800 
    Cottonseed solvent                             760            765

    DHULIA
    Soyoil refined                                 753            755
  
    KHAMGAON
    Soyoil refined 
                                                763            765
    JALNA
    Soyoil refined 
                                                   761            764
    NANDED
    Soyoil refined                                 748            751
   
    Soyoil refined prices at other places in Maharashtra : Latur - 752, 
    Khamgaon – 758, Washim – 748, Solapur – 755, Sangli – 759.

    (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. 31.4 degree Celsius, minimum temp. 24.3 degree Celsius 
Rainfall : 1.6 mm
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 32 degree Celsius and 24 degree Celsius respectively.

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