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Nagpur Soybean, Soyoil, Soymeal Open-January 8, 2020
Nagpur, Jan 8 (Reuters) – Soyabean and cottonseed oil today declined further in Vidarbha region
of Western Maharashtra on stockists selling, 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 Madhya Pradesh soyabean oil also affected
sentiment in thin trading activity. Heavy rains in today morning affected trading activity,
sources said Wednesday.
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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 further fall in soyabean and cottonseed oil here.
SOYMEAL
* Soymeal prices today ruled steady here but demand was poor.
SOYABEAN
* Soyabean prices reported down in Nagpur Agriculture Produce Marketing
Committee (APMC) auctions on poor demand from local crushing plants. Fresh fall in
soyabean oil, no takers to soymeal, easy condition on NCDEX and
downward trend in Madhya Pradesh soyabean prices also pulled down 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 36,000-41,300 36,000-42,600 --
(Available price)
Market delivery 36,100-41,400 36,100-42,700 --
(Traders price)
Plant delivery 43,200-43,500 43,200-43,500 --
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 – 43,000, Amravati – 43,300 Washim – 43,500, Khamgaon – 42,700,
Dhulia – 43,800, Hingoli – 43,600, Jalna – 42,800, Nandurbar – 43,200,
Latur – 44,000, Nanded – 43,800, Solapur – 43,800, Sangli – 42,500.
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. 4,800-5,000
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. 6,200-6,400
Bajra n.a. n.a. n.a.
Gavarani Corn n.a. n.a. 1,800-2,000
Dhan n.a. n.a. 1,850-2,155
Cotton n.a. n.a. 4,300-4,600
NAGPUR
Today’s open Previous close
Soyoil refined crushing plant delivery 912 916
Soyoil solvent crushing plant delivery 872 875
Cottonseed refined 890 900
Cottonseed solvent 850 860
Groundnut oil – loose (10 kg) 1,370 1,370
Groundnut oil refined (15 Litre) 1,970 1,970
Sunflower oil refined (10 kg) 1,000 1,000
Linseed oil (10 kg) 1,000 1,000
Rapeseed oil (for 15 kg) 1,580 1,580
Castor oil (for 15 kg) 1,500 1,500
Coconut KP oil (for 15 kg) 2,950 2,950
AMRAVATI
Soyoil refined 923 927
Soyoil Solvent 883 887
Cottonseed refined 880 890
Cottonseed solvent 840 850
AKOLA
Soyoil refined 922 926
Soyoil Solvent 882 886
Cottonseed refined oil 890 890
Cottonseed solvent 850 850
DHULIA
Soyoil refined 924 928
KHAMGAON
Soyoil refined
930 935
JALNA
Soyoil refined
921 926
NANDED
Soyoil refined 915 919
Soyoil refined prices at other places in Maharashtra : Washim – 922,
Latur - 912, Solapur – 914, Sangli – 918.
(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) 36,400-36,700 36,500-37,000
Soymeal prices at other places in Maharashtra : Akola – 37,200,
Washim – 37,700, Dhulia – 36,800, Hingoli – 36,000, Jalna – 36,700,
Nandurbar – 36,900, Khamgaon – 36,800, Latur – 36,300, Nanded – 36,000,
Solapur – 36,500, Dharwad – 35,800, Sangli – 37,000
WEATHER (NAGPUR)
Maximum temp. 27.0 degree Celsius, minimum temp. 12.0 degree Celsius
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 26 degree Celsius and 14 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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