September 24, 2019 / 8:54 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- September 24, 2019

Nagpur Soybean, Soyoil, Soymeal Open-September 24, 2018

Nagpur, Sept 24 (Reuters) – The slide in soyabean and cottonseed 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 Malaysian palm oil and American soya digam reported down. Fresh fall on NCDEX
in soyabean oil and downward trend in Madhya Pradesh edible oil prices 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 sluggish trading activity.  
  * Traders expect downward trend in soyabean and cottonseed oil here.  
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor.
                                         
   SOYABEAN
  * Soyabean prices showed upward tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak 
    supply from producing regions. Notable rise on NCDEX, good recovery in Madhya Pradesh 
    soyabean prices and reported demand from South-based plants also pushed prices.
    About 500 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       35,700-38,500         --
    (Available price)
    Market delivery    36,100-38,600       35,800-38,600          --
    (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         760            763
    Soyoil solvent crushing plant delivery         720            724    
    Cottonseed refined                             775            777
    Cottonseed solvent                             735            737
    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                                 761            763
    Soyoil Solvent                                 721            722
    Cottonseed refined                             797            800
    Cottonseed solvent                             757            760

    AKOLA
    Soyoil refined                                 761            764
    Soyoil Solvent                                 721            714        
    Cottonseed refined oil                         797          805 
    Cottonseed solvent                             757            765

    DHULIA
    Soyoil refined                                 763            765
  
    KHAMGAON
    Soyoil refined 
                                                766            768
    JALNA
    Soyoil refined 
                                                   764            767
    NANDED
    Soyoil refined                                 748            751
   
    Soyoil refined prices at other places in Maharashtra : Latur - 762, 
    Khamgaon – 765, Washim – 758, Solapur – 765, Sangli – 767.

    (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    35,000-35,500
      
    Soymeal prices at other places in Maharashtra : Akola – 34,900, 
    Washim – 35,100, Dhulia – 36,800, Hingoli – 35,200, Jalna – 35,400,
    Nandurbar – 35,700, Khamgaon – 34,000, Latur – 36,200, Nanded – 36,500,
    Solapur – 34,200, Dharwad – 35,000, Sangli – 35,200

WEATHER (NAGPUR)  
Maximum temp. 33.6 degree Celsius, minimum temp. 23.5 degree Celsius 
Rainfall : 4.0 mm
FORECAST: Generally cloudy sky with a spells of rains or thunder-showers. Maximum and minimum
temperature likely to be around 33 degree Celsius and 23 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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