September 25, 2019 / 8:40 AM / 24 days ago

Nagpur Soybean, Soyoil, Soymeal Open- September 25, 2019

Nagpur Soybean, Soyoil, Soymeal Open-September 25, 2018

Nagpur, Sept 25 (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 because of heavy rains in the
region. Absence of demand from millers mainly kept major oil prices unchanged. No trader was in
mood for any commitment, adopting `wait and watch’ move, 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 oils here.  
    
   SOYMEAL
  * Soymeal prices today quoted static here on lack of demand from local traders.
                                         
   SOYABEAN
  * Soyabean prices recovered again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants amid thin 
    supply from producing regions because of heavy rains. Healthy rise on NCDEX, good 
    recovery in Madhya Pradesh soyabean prices and enquiries from South-based plants also
    boosted prices.
    About 200 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       35,800-38,400         --
    (Available price)
    Market delivery    36,100-38,600       35,900-38,500          --
    (Traders price)
    Plant delivery     40,300-40,700       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 – 40,300, Washim – 40,200, Khamgaon – 39,800, Dhulia – 40,600, 
    Hingoli – 41,500, Jalna – 40,500, Nandurbar – 39,900, 
    Latur – 41,300, Nanded – 41,500, Solapur – 41,500, Sangli – 41,300.
        
    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            760
    Soyoil solvent crushing plant delivery         720            720    
    Cottonseed refined                             775            775
    Cottonseed solvent                             735            735
    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                                 764            764
    Soyoil Solvent                                 724            724
    Cottonseed refined                             797            797
    Cottonseed solvent                             757            757

    AKOLA
    Soyoil refined                                 765            765
    Soyoil Solvent                                 725            715        
    Cottonseed refined oil                         797          797 
    Cottonseed solvent                             757            757

    DHULIA
    Soyoil refined                                 763            763
  
    KHAMGAON
    Soyoil refined 
                                                766            768
    JALNA
    Soyoil refined 
                                                   764            764
    NANDED
    Soyoil refined                                 748            748
   
    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 – 35,300, 
    Washim – 35,300, Dhulia – 37,200, Hingoli – 35,500, Jalna – 35,800,
    Nandurbar – 35,900, Khamgaon – 34,300, Latur – 36,800, Nanded – 36,900,
    Solapur – 35,200, Dharwad – 35,400, Sangli – 35,400

WEATHER (NAGPUR)  
Maximum temp. 31.9 degree Celsius, minimum temp. 23.7 degree Celsius 
Rainfall : 4.9 mm
FORECAST: Generally cloudy sky with a spells of rains or thunder-showers. Maximum and minimum
temperature likely to be around 30 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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