September 20, 2019 / 8:55 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- September 20, 2019

Nagpur Soybean, Soyoil, Soymeal Open-September 20, 2019

Nagpur, Sept 20 (Reuters) – In range-bound trade, major edible oil prices remained unchanged at
the Vidarbha region of Western Maharashtra today in the absence of worthwhile activity. Arrivals
and offtake too remained at a low ebb and volume of business poor. Absence of demand from
millers mainly kept major oil prices unchanged. No trader was in mood for any commitment,
adopting `wait and watch’ move because of downward trend in international edible oils, according
to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in weak trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils here.  
    
   SOYMEAL
  * Soymeal prices today recovered further here on renewed demand from South-based 
    traders. Healthy rise in international soymeal prices also boosted sentiment.       
                                         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants amid tight 
    supply from producing regions. Continuous rise in soymeal, sharp hike on NCDEX and 
    enquiries from South-based plants also helped to push up 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    35,300-38,300       35,000-38,000         --
    (Available price)
    Market delivery    35,400-38,400       35,100-38,100          --
    (Traders price)
    Plant delivery     39,700-40,200       39,300-39,800          --

    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 – 39,300, Washim – 39,400, Khamgaon – 39,200, Dhulia – 39,600, 
    Hingoli – 40,400, Jalna – 39,000, Nandurbar – 39,000, 
    Latur – 40,400, Nanded – 40,800, Solapur – 40,900, Sangli – 40,500.
        
    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         770            770
    Soyoil solvent crushing plant delivery         730            730    
    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)                       1,340          1,340
    Castor oil (for 15 kg)                         1,900          1,900
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 771            771
    Soyoil Solvent                                 731            731
    Cottonseed refined                             808            808
    Cottonseed solvent                             768            768

    AKOLA
    Soyoil refined                                 771            771
    Soyoil Solvent                                 731            731        
    Cottonseed refined oil                         808          808 
    Cottonseed solvent                             768            768

    DHULIA
    Soyoil refined                                 768            768
  
    KHAMGAON
    Soyoil refined 
                                                773            773
    JALNA
    Soyoil refined 
                                                   773            773
    NANDED
    Soyoil refined                                 755            755
   
    Soyoil refined prices at other places in Maharashtra : Latur - 768, 
    Khamgaon – 770, Washim – 762, Solapur – 770, Sangli – 771.

    (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)                  34,300-34,800    34,000-34,500
      
    Soymeal prices at other places in Maharashtra : Akola – 34,600, 
    Washim – 34,700, Dhulia – 36,200, Hingoli – 34,700, Jalna – 35,000,
    Nandurbar – 34,700, Khamgaon – 34,000, Latur – 35,500, Nanded – 36,000,
    Solapur – 34,800, Dharwad – 35,000, Sangli – 34,200

WEATHER (NAGPUR)  
Maximum temp. 31.3 degree Celsius, minimum temp. 24.5 degree Celsius 
Rainfall : 4.8 mm
FORECAST: Generally cloudy sky with a few spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 32 degree Celsius and 24 degree Celsius respectively.

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

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