August 29, 2018 / 8:23 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- AUG 29, 2018

Nagpur Soybean, Soyoil, Soymeal Open-August 29, 2018

Nagpur, Aug 29 (Reuters) – The slide in soyabean oil prices continued unabated in Vidarbha
region of Western Maharashtra for third day today on persistent selling by stockists amid good
supply from producing regions and weak trends in overseas markets. Sentiment turned bearish as
Malaysian palm oil and American soya digam reported down. Fresh fall on NCDEX in soyabean oil
and downward trend in Madhya Pradesh edible oil prices also affected sentiment, according to
sources.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL
  * Soymeal prices today declined further on lack of demand from South-based traders. 
    Continuous fall in international soymeal prices also affected sentiment.
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing because of rains. Good recovery in Madhya Pradesh soyabean prices and 
    enquiries from South-based plants also jacked up prices.  
    About 150 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    29,000-31,500       29,500-31,200         --
    (Available price)
    Market delivery    29,100-31,600       29,600-31,300          --
    (Traders price)
    Plant delivery     33,700-34,000       33,700-34,000          --

    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 – 34,000, Washim – 34,100, Khamgaon – 33,800, Dhulia – 34,000, 
    Hingoli – 34,500, Jalna – 34,300, Nandurbar – 34,400, 
    Latur – 34,900, Nanded – 34,900, Solapur – 34,500, Sangli – 35,200.
        
    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         744            746
    Soyoil solvent crushing plant delivery         704            706    
    Cottonseed refined                             810            810
    Cottonseed solvent                             790            790
    Groundnut oil (loose)                          1,080          1,080
    Groundnut oil refined (15 Litre)               1,670          1,670
    Sunflower oil refined                          880            880
    Linseed oil                                    930            930
    Rapeseed oil (for 15 kg)                       1,350          1,350
    Castor oil (for 15 kg)                         1,540          1,540
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 746            749
    Soyoil Solvent                                 706            708
    Cottonseed refined                             810            810
    Cottonseed solvent                             790            790

    AKOLA
    Soyoil refined                                 747            749
    Soyoil Solvent                                 707            710        
    Cottonseed refined oil                         810          810 
    Cottonseed solvent                             790            790

    DHULIA
    Soyoil refined                                 744            746
  
    KHAMGAON
    Soyoil refined 
                                                747            749
    JALNA
    Soyoil refined 
                                                   746            748
    NANDED
    Soyoil refined                                 739            741
   
    Soyoil refined prices at other places in Maharashtra : Latur - 740, 
    Khamgaon – 747, Washim – 746, Solapur – 738, Sangli – 742.

    (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)                  27,700-28,000    28,000-28,200
      
    Soymeal prices at other places in Maharashtra : Akola – 28,600, 
    Washim – 27,500, Dhulia – 28,500, Hingoli – 27,800, Jalna – 29,000,
    Nandurbar – 29,000, Khamgaon – 27,000, Latur – 28,000, Nanded – 28,800,
    Solapur – 29,500, Dharwad – 27,200, Sangli – 29,000

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.

WEATHER (NAGPUR)  
Maximum temp. 25.2 degree Celsius, minimum temp. 23.4 degree Celsius 
Rainfall : 7.9 mm
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 25 and 23 degree Celsius respectively.

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