Nagpur Soybean, Soyoil, Soymeal Open-November 8, 2018
Nagpur, Nov 8 (Reuters) – Soyabean and cottonseed oil prices strengthened in Vidarbha region of
Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing
regions. Buying activity in edible oils picked up as Malaysian palm oil climbed in overseas
markets. Healthy rise on NCDEX and reported demand from South-based traders also boosted prices,
sources said Friday.
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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 rise in cottonseed oil here.
SOYMEAL
* Soymeal prices today ruled steady here but demand was poor.
SOYABEAN
* Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing
Committee (APMC) on good demand from local crushing plants amid weak supply from
producing regions. Fresh rise in soyabean oil, upward trend on NCDEX, fresh hike in
Madhya Pradesh soyabean prices and reported demand from South-based plants also
helped to push up prices.
About 5,000 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 29,000-37,650 29,000-37,200 --
(Available price)
Market delivery 29,100-37,750 29,100-37,300 --
(Traders price)
Plant delivery 38,000-38,500 38,000-38,500 --
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 – 38,300, Washim – 38,500, Khamgaon – 38,600, Dhulia – 39,200,
Hingoli – 39,200, Jalna – 37,100, Nandurbar – 39,300,
Latur – 39,300, Nanded – 38,700, Solapur – 39,500, Sangli – 38,500.
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. 4,300-4,600
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 800 794
Soyoil solvent crushing plant delivery 760 755
Cottonseed refined 805 800
Cottonseed solvent 765 760
Groundnut oil – loose (10 kg) 1,260 1,260
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) 1,650 1,650
Coconut KP oil (for 15 kg) 3,060 3,060
AMRAVATI
Soyoil refined 798 794
Soyoil Solvent 758 750
Cottonseed refined 808 798
Cottonseed solvent 765 758
AKOLA
Soyoil refined 799 792
Soyoil Solvent 759 751
Cottonseed refined oil 808 798
Cottonseed solvent 766 760
DHULIA
Soyoil refined 793 788
KHAMGAON
Soyoil refined
785 779
JALNA
Soyoil refined
792 788
NANDED
Soyoil refined 786 779
Soyoil refined prices at other places in Maharashtra : Latur - 792,
Washim – 794, Solapur – 786, Sangli – 792.
(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) 33,000-33,500 33,000-33,500
Soymeal prices at other places in Maharashtra : Akola – 32,800,
Washim – 33,300, Dhulia – 34,500, Hingoli – 34,500, Jalna – 34,500,
Nandurbar – 34,700, Khamgaon – 32,500, Latur – 34,500, Nanded – 34,500,
Solapur – 34,700, Dharwad – 34,900, Sangli – 34,000
WEATHER (NAGPUR)
Maximum temp. 33.4 degree Celsius, minimum temp. 20.2 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 33 degree Celsius and 20 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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