October 12, 2018 / 9:33 AM / 8 months ago

Nagpur Soybean, Soyoil, Soymeal Open- OCT 12, 2018

Nagpur Soybean, Soyoil, Soymeal Open-October 12, 2018

Nagpur, Oct 12 (Reuters) – Soyabean oil prices today 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 and American soya digam climbed
in overseas markets. Good rise on NCDEX and reported demand from South-based traders also helped
to push up prices here, sources said Friday.
.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, Linseed,
    Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect upward trend in Soyabean oil prices here.
    
   SOYMEAL
  * Soymeal prices today quoted static here but demand was poor.
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply 
    from producing belts. Good rise on NCDEX, fresh hike in Madhya Pradesh soyabean 
    prices and reported demand from South-based plants also boosted prices. 
    About 6,000 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    25,200-29,600       25,000-29,500         --
    (Available price)
    Market delivery    25,300-29,700       25,100-29,600          --
    (Traders price)
    Plant delivery     31,500-31,800       31,500-31,800          --

    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 – 32,200, Washim – 31,750, Khamgaon – 31,500, Dhulia – 32,700, 
    Hingoli – 32,000, Jalna – 31,800, Nandurbar – 32,500, 
    Latur – 32,000, Nanded – 32,000, Solapur – 32,000, Sangli – 31,000.
        
    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.             1,100-1,300
    Dhan                  n.a.            n.a.             2,100-2,441
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         755            754
    Soyoil solvent crushing plant delivery         715            714    
    Cottonseed refined                             757            757
    Cottonseed solvent                             727            727
    Groundnut oil (loose)                          1,060          1,060
    Groundnut oil refined (15 Litre)               1,630          1,630
    Sunflower oil refined                          870            870
    Linseed oil                                    940            940
    Rapeseed oil (for 15 kg)                       1,340          1,340
    Castor oil (for 15 kg)                         1,540          1,540
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 756            754
    Soyoil Solvent                                 716            714
    Cottonseed refined                             755            755
    Cottonseed solvent                             725            725

    AKOLA
    Soyoil refined                                 755            754
    Soyoil Solvent                                 715            714        
    Cottonseed refined oil                         755          755 
    Cottonseed solvent                             725            725

    DHULIA
    Soyoil refined                                 747            745
  
    KHAMGAON
    Soyoil refined 
                                                750            749
    JALNA
    Soyoil refined 
                                                   749            747
    NANDED
    Soyoil refined                                 746            744
   
    Soyoil refined prices at other places in Maharashtra : Latur - 746, 
    Khamgaon – 750, Washim – 749, Solapur – 745, Sangli – 751.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.)                    
   
                                 
Nagpur soymeal prices in rupees per tonne

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  26,000-26,500    26,000-26,500
      
    Soymeal prices at other places in Maharashtra : Akola – 27,000, 
    Washim – 27,000, Dhulia – 27,000, Hingoli – 26,500, Jalna – 27,500,
    Nandurbar – 27,000, Khamgaon – 25,200, Latur – 26,500, Nanded – 26,000,
    Solapur – 27,000, Dharwad – 26,700, Sangli – 26,500

WEATHER (NAGPUR)  
Maximum temp. 33.0 degree Celsius, minimum temp. 19.1 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 33 and 19
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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