August 31, 2018 / 8:12 AM / 25 days ago

Nagpur Soybean, Soyoil, Soymeal Open- AUG 31, 2018

Nagpur Soybean, Soyoil, Soymeal Open-August 31, 2018

Nagpur, Aug 31 (Reuters) – The prices of Rapeseed and Castor oils in non-edible section today
tumble in the Vidarbha region of Western Maharashtra largely in tandem with weakening prices in
producing belts. Trading sentiment turned bearish after release of stock from stockists. Trading
activity in other edible oils reported weak as no trader was in mood for any commitment because
of downward trend in Malaysian palm oil and American soya digam prices. Easy condition on NCDEX
in soyabean oil also affected sentiment, sources said Friday.
.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed 
    and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect downward trend in Rapeseed oil here.
    
   SOYMEAL
  * Soymeal prices today moved down here in absence of buyers amid release of stock from 
    stockists.
         
   SOYABEAN
  * Soyabean prices declined in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. Easy condition in 
    soymeal, downward trend on NCDEX, fresh fall in Madhya Pradesh soyabean prices and 
    high moisture content arrival also pulled down prices in thin trading activity.  
    About 100 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    30,500-31,000       30,500-31,300         --
    (Available price)
    Market delivery    30,500-31,100       30,600-31,400          --
    (Traders price)
    Plant delivery     33,400-33,800       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 – 34,400, Jalna – 34,300, Nandurbar – 34,400, 
    Latur – 34,800, Nanded – 34,800, Solapur – 34,400, 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         748            748
    Soyoil solvent crushing plant delivery         708            708    
    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)                       1,330          1,350
    Castor oil (for 15 kg)                         1,530          1,540
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 750            750
    Soyoil Solvent                                 710            710
    Cottonseed refined                             810            810
    Cottonseed solvent                             790            790

    AKOLA
    Soyoil refined                                 751            751
    Soyoil Solvent                                 711            711        
    Cottonseed refined oil                         810          810 
    Cottonseed solvent                             790            790

    DHULIA
    Soyoil refined                                 750            750
  
    KHAMGAON
    Soyoil refined 
                                                749            749
    JALNA
    Soyoil refined 
                                                   752            752
    NANDED
    Soyoil refined                                 744            744
   
    Soyoil refined prices at other places in Maharashtra : Latur - 744, 
    Khamgaon – 750, Washim – 751, Solapur – 744, Sangli – 746.

    (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)                  27,500-27,800    27,700-28,000
      
    Soymeal prices at other places in Maharashtra : Akola – 27,600, 
    Washim – 27,400, Dhulia – 28,800, Hingoli – 27,800, Jalna – 29,000,
    Nandurbar – 29,000, Khamgaon – 27,200, Latur – 28,000, Nanded – 28,800,
    Solapur – 29,500, Dharwad – 26,800, Sangli – 29,500

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

WEATHER (NAGPUR)  
Maximum temp. 30.0 degree Celsius, minimum temp. 23.5 degree Celsius 
Rainfall : 0.1 mm
FORECAST: Generally cloudy sky with possibility of moderate rains. Maximum and minimum
temperature would be around and 30 and 24 degree Celsius respectively.

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