Nagpur Soybean, Soyoil, Soymeal Open- FEB 14, 2019

Nagpur Soybean, Soyoil, Soymeal Open-February 14, 2019 Nagpur, Feb 14 (Reuters) – In range-bound trade, soyabean oil prices moved down at the Vidarbha region of Western Maharashtra today largely on reduced offtake amid weak global trend. Sentiment turned bearish after American soya digam reported downward trend. Fresh fall on NCDEX in soyabean oil and easy condition in Madhya Pradesh soyabean oil also affected sentiment, according to sources.

***** VIDARBHA MARKETS OILS

* Cottonseed, Groundnut oil, Groundnut refined, Sunflower refined, Linseed,

Rapeseed, Castor and Coconut KP oil ruled steady here in sluggish trading activity.

* Traders expect weak trend in soyabean oil here.

SOYMEAL

* Soymeal prices ruled steady here but demand was poor.

SOYABEAN

* Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing

Committee (APMC) on increased demand from local crushing plants amid weak supply from

producing regions. Good hike on NCDEX, upward trend in Madhya Pradesh soyabean prices

and enquiries from South-based plants also boosted prices.

About 700 new 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

34,000-36,700

33,600-36,400

(Available price)

Market delivery

34,100-36,800

33,700-36,500

(Traders price)

Plant delivery

37,500-38,000

37,500-38,000

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 – 37,900, Washim – 37,500, Khamgaon – 37,700, Dhulia – 38,000,

Hingoli – 38,200, Jalna – 37,500, Nandurbar – 38,000,

Latur – 38,200, Nanded – 38,200, Solapur – 38,700, Sangli – 38,750.

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.

1,400-1,550

Dhan

n.a.

n.a.

1,900-2,125

Cotton

n.a.

n.a.

4,300-4,600

NAGPUR

Today’s open Previous close

Soyoil refined crushing plant delivery

778

780

Soyoil solvent crushing plant delivery

738

741

Cottonseed refined

745

745

Cottonseed solvent

705

705

Groundnut oil – loose (10 kg)

1,090

1,090

Groundnut oil refined (15 Litre)

1,650

1,650

Sunflower oil refined (10 kg)

920

920

Linseed oil (10 kg)

900

900

Rapeseed oil (for 15 kg)

1,360

1,360

Castor oil (for 15 kg)

1,710

1,710

Coconut KP oil (for 15 kg)

3,200

3,200

AMRAVATI

Soyoil refined

780

781

Soyoil Solvent

740

741

Cottonseed refined

745

745

Cottonseed solvent

705

705

AKOLA

Soyoil refined

781

783

Soyoil Solvent

741

743

Cottonseed refined oil

745

745

Cottonseed solvent

705

705

DHULIA

Soyoil refined

775

777

KHAMGAON

Soyoil refined

782

783

JALNA

Soyoil refined

783

783

NANDED

Soyoil refined

773

775

Soyoil refined prices at other places in Maharashtra : Latur – 769,

Khamgaon – 780, Washim – 782, Solapur – 770, Sangli – 782.

(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)

31,900-32,200

31,900-32,200

Soymeal prices at other places in Maharashtra : Akola – 31,500,

Washim – 31,300, Dhulia – 32,500, Hingoli – 33,400, Jalna – 32,500,

Nandurbar – 32,300, Khamgaon – 31,200, Latur – 32,500, Nanded – 32,000,

Solapur – 32,200, Dharwad – 32,800, Sangli – 32,200 WEATHER (NAGPUR) Maximum temp. 34.1 degree Celsius, minimum temp. 13.3 degree Celsius Rainfall : Nil FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 34 degree Celsius and 13 degree Celsius. Note: n.a.–not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices.

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