September 26, 2019 / 8:31 AM / 24 days ago

Nagpur Soybean, Soyoil, Soymeal Open- September 26, 2019

Nagpur Soybean, Soyoil, Soymeal Open-September 26, 2018

Nagpur, Sept 26 (Reuters) – The prices of castor and rapeseed oils in non-edible section today
tumble in the Vidarbha region of Western Maharashtra largely in tandem with weakening prices in
producing belts. Trading sentiment turned bearish after release of stock from stockists. Trading
activity in other edible oils reported weak as no trader was in mood for any commitment because
of downward trend in Malaysian palm oil and American soya digam prices, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed 
    and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils here.  
    
   SOYMEAL
  * Soymeal prices today recovered strongly here on increased demand from South-based 
    traders. 
                                         
   SOYABEAN
  * Soyabean prices zoomed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak 
    supply from producing regions because of heavy rains. Sharp rise on NCDEX, good 
    recovery in Madhya Pradesh soyabean prices and reported demand 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    37,500-38,800       36,800-38,500         --
    (Available price)
    Market delivery    37,600-38,900       36,900-38,600          --
    (Traders price)
    Plant delivery     40,600-41,000       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 – 40,700, Washim – 40,900, Khamgaon – 40,200, Dhulia – 40,600, 
    Hingoli – 41,700, Jalna – 40,500, Nandurbar – 40,900, 
    Latur – 41,500, Nanded – 42,000, Solapur – 42,000, 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         763            763
    Soyoil solvent crushing plant delivery         723            723    
    Cottonseed refined                             771            771
    Cottonseed solvent                             731            731
    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          1,340
    Castor oil (for 15 kg)                         1,880          1,900
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 764            764
    Soyoil Solvent                                 724            724
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 765            765
    Soyoil Solvent                                 725            715        
    Cottonseed refined oil                         800          800 
    Cottonseed solvent                             760            760

    DHULIA
    Soyoil refined                                 766            763
  
    KHAMGAON
    Soyoil refined 
                                                766            768
    JALNA
    Soyoil refined 
                                                   766            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)                  35,500-36,000    35,200-35,600
      
    Soymeal prices at other places in Maharashtra : Akola – 36,000, 
    Washim – 35,900, Dhulia – 37,500, Hingoli – 36,300, Jalna – 36,300,
    Nandurbar – 36,400, Khamgaon – 36,300, Latur – 36,800, Nanded – 37,500,
    Solapur – 36,200, Dharwad – 36,400, Sangli – 36,200

WEATHER (NAGPUR)  
Maximum temp. 28.9 degree Celsius, minimum temp. 23.3 degree Celsius 
Rainfall : 48.1 mm
FORECAST: Generally cloudy sky with one or two 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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