September 23, 2019 / 10:07 AM / 22 days ago

Nagpur Soybean, Soyoil, Soymeal Open- September 23, 2019

Nagpur Soybean, Soyoil, Soymeal Open-September 23, 2018

Nagpur, Sept 23 (Reuters) – Soyabean and cottonseed oil today declined in Vidarbha region of
Western Maharashtra on stockists selling looking towards month ending, driven by higher imports
amid weak global cues. Fall in demand from millers and retailers also put pressure on soyabean
oil. Besides, sufficient stocks, sharp fall on NCDEX and easy condition in Malaysian palm oil
also affected sentiment in thin trading activity, sources said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect weak trend in soyabean oil here.  
    
   SOYMEAL
  * Soymeal prices today reported strong here on renewed buying support from South-based 
    traders.       
                                         
   SOYABEAN
  * Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid thin 
    supply from producing belts. Fresh hike in soymeal, healthy rise in Madhya Pradesh 
    soyabean prices and enquiries from South-based plants also jacked up prices.
    About 150 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    36,000-38,500       35,500-38,200         --
    (Available price)
    Market delivery    36,100-38,600       35,600-38,300          --
    (Traders price)
    Plant delivery     40,100-40,500       40,100-40,500          --

    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 – 40,000, Washim – 39,400, Khamgaon – 39,200, Dhulia – 40,300, 
    Hingoli – 37,500, Jalna – 40,000, Nandurbar – 39,000, 
    Latur – 40,400, Nanded – 40,800, Solapur – 41,000, Sangli – 41,000.
        
    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         765            770
    Soyoil solvent crushing plant delivery         725            730    
    Cottonseed refined                             775            780
    Cottonseed solvent                             735            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                                 769            771
    Soyoil Solvent                                 769            731
    Cottonseed refined                             800            805
    Cottonseed solvent                             760            765

    AKOLA
    Soyoil refined                                 770            772
    Soyoil Solvent                                 730            732        
    Cottonseed refined oil                         800          805 
    Cottonseed solvent                             760            765

    DHULIA
    Soyoil refined                                 765            768
  
    KHAMGAON
    Soyoil refined 
                                                770            773
    JALNA
    Soyoil refined 
                                                   769            773
    NANDED
    Soyoil refined                                 750            753
   
    Soyoil refined prices at other places in Maharashtra : Latur - 765, 
    Khamgaon – 767, Washim – 760, Solapur – 768, Sangli – 769.

    (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)                  35,000-35,500    34,700-35,200
      
    Soymeal prices at other places in Maharashtra : Akola – 34,900, 
    Washim – 35,100, Dhulia – 36,200, Hingoli – 35,200, Jalna – 35,400,
    Nandurbar – 35,700, Khamgaon – 34,000, Latur – 36,000, Nanded – 36,000,
    Solapur – 34,200, Dharwad – 35,000, Sangli – 35,200

WEATHER (NAGPUR)  
Maximum temp. 32.2 degree Celsius, minimum temp. 23.8 degree Celsius 
Rainfall : nil
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 33 degree Celsius and 25 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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