September 30, 2019 / 8:40 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- September 30, 2019

Nagpur Soybean, Soyoil, Soymeal Open-September 30, 2018

Nagpur, Sept 30 (Reuters) – Major edible and non-edible oil prices dipped up at the Vidarbha
region of Western Maharashtra today on considerable fall in demand at prevailing levels, amid
weak trends in overseas markets. Sentiment turned weak as Malaysian palm oil and American soya
digam reported weak. 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
  * Sunflower refined, rapeseed and castor oil today declined here 
    on lack of demand from local traders.
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed 
    and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect nearly easy condition in edible and non-edible oils here.  
    
   SOYMEAL
  * Soymeal prices today reported strong here on good demand from South-based traders. 
                                         
   SOYABEAN
  * Soyabean prices reported a fresh fall in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. No takers to soyabean 
    oil, easy condition on NCDEX and downward trend in Madhya Pradesh soyabean prices 
    also pushed down prices here in limited deals. 
    About 250 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    36,000-38,200       36,000-38,500         --
    (Available price)
    Market delivery    36,100-38,300       36,100-38,600          --
    (Traders price)
    Plant delivery     40,200-40,500       40,200-40,700          --

    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 – 41,800, Nanded – 41,800, 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         765            765
    Soyoil solvent crushing plant delivery         725            725    
    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)                  930            940
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,320          1,330
    Castor oil (for 15 kg)                         1,860          1,880
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 768            768
    Soyoil Solvent                                 728            728
    Cottonseed refined                             805            805
    Cottonseed solvent                             765            765

    AKOLA
    Soyoil refined                                 768            768
    Soyoil Solvent                                 728            728        
    Cottonseed refined oil                         805          805 
    Cottonseed solvent                             765            765

    DHULIA
    Soyoil refined                                 765            765
  
    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)                  36,000-36,500    35,500-36,000
      
    Soymeal prices at other places in Maharashtra : Akola – 36,200, 
    Washim – 36,300, Dhulia – 38,000, Hingoli – 36,700, Jalna – 36,700,
    Nandurbar – 38,000, Khamgaon – 36,000, Latur – 38,000, Nanded – 38,000,
    Solapur – 37,100, Dharwad – 37,300, Sangli – 36,500

WEATHER (NAGPUR)  
Maximum temp. 32.4 degree Celsius, minimum temp. 22.8 degree Celsius 
Rainfall : 0.4 mm
FORECAST: Generally cloudy sky with one or two 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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