Nagpur Soybean, Soyoil, Soymeal Open-November 5, 2018
Nagpur, Nov 5 (Reuters) – The rising trend in soyabean and cottonseed oil remained unabated for
the second straight day today in Vidarbha region of Central Maharashtra as prices rise further
on increased buying by vanaspati millers for the ongoing festival season, amid a firm overseas
trend. Sentiment remained strong, as soya digam oil prices rose in America. Good rise in
Malaysian palm oil and increased demand from South-based traders also pushed up prices, sources
said Tuesday.
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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 upward trend in soyabean and cottonseed oil here.
SOYMEAL
* Soymeal prices today reported strong here on good buying support from South-based
traders amid weak supply from local crushing plants.
SOYABEAN
* Soyabean prices zoomed up in Nagpur Agriculture Produce Marketing
Committee (APMC) on good demand from local crushing plants amid weak supply from
producing regions. Sharp rise in soyabean oil & soymeal, good recovery in Madhya
Pradesh soyabean prices and reported demand from South-based plants also jacked up
prices.
About 8,000 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 31,000-38,200 30,500-37,500 --
(Available price)
Market delivery 31,100-38,300 30,600-37,600 --
(Traders price)
Plant delivery 38,700-39,000 38,000-38,750 --
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 – 39,000, Washim – 38,900, Khamgaon – 39,000, Dhulia – 40,600,
Hingoli – 41,500, Jalna – 39,000, Nandurbar – 40,000,
Latur – 41,500, Nanded – 41,500, Solapur – 41,500, Sangli – 40,000.
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 798 791
Soyoil solvent crushing plant delivery 758 752
Cottonseed refined 810 805
Cottonseed solvent 770 765
Groundnut oil – loose (10 kg) 1,250 1,250
Groundnut oil refined (15 Litre) 1,840 1,840
Sunflower oil refined (10 kg) 940 940
Linseed oil (10 kg) 860 860
Rapeseed oil (for 15 kg) 1,360 1,360
Castor oil (for 15 kg) 1,680 1,680
Coconut KP oil (for 15 kg) 3,060 3,060
AMRAVATI
Soyoil refined 793 789
Soyoil Solvent 753 748
Cottonseed refined 808 802
Cottonseed solvent 768 756
AKOLA
Soyoil refined 795 789
Soyoil Solvent 755 749
Cottonseed refined oil 810 805
Cottonseed solvent 770 763
DHULIA
Soyoil refined 794 789
KHAMGAON
Soyoil refined
779 772
JALNA
Soyoil refined
796 792
NANDED
Soyoil refined 785 781
Soyoil refined prices at other places in Maharashtra : Latur - 783,
Khamgaon – 795, Washim – 789, Solapur – 785, Sangli – 795.
(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) 34,000-34,500 33,000-33,500
Soymeal prices at other places in Maharashtra : Akola – 34,300,
Washim – 34,300, Dhulia – 35,500, Hingoli – 34,800, Jalna – 35,000,
Nandurbar – 35,800, Khamgaon – 32,900, Latur – 35,500, Nanded – 35,000,
Solapur – 34,500, Dharwad – 34,900, Sangli – 34,500
WEATHER (NAGPUR)
Maximum temp. 33.2 degree Celsius, minimum temp. 20.7 degree Celsius
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 33 degree
Celsius and 21 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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