December 4, 2018 / 8:24 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- DEC 03, 2018

Nagpur Soybean, Soyoil, Soymeal Open-December 3, 2018

Nagpur, Dec 3 (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 American soya digam prices climbed in overseas
markets. Good rise on NCDEX and reported demand from South-based traders also boosted prices,
sources said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, 
    Rapeseed and Castor oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL
  * Soymeal prices today ruled steady but demand was poor here.

         
   SOYABEAN
  * Soyabean prices recovered in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. Fresh hike on NCDEX and 
    upward trend in Madhya Pradesh soyabean prices also boosted sentiment. 
    About 1,000 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    30,000-32,900       30,000-33,700         --
    (Available price)
    Market delivery    30,100-33,000       30,100-33,800          --
    (Traders price)
    Plant delivery     34,600-34,900       34,600-34,900          --

    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 – 35,000, Washim – 35,100, Khamgaon – 35,200, Dhulia – 35,500, 
    Hingoli – 35,400, Jalna – 34,600, Nandurbar – 35,000, 
    Latur – 35,400, Nanded – 35,400, Solapur – 35,600, Sangli – 36,000.
        
    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.             1,350-1,500
    Dhan                  n.a.            n.a.             1,900-2,194
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         730            728
    Soyoil solvent crushing plant delivery         690            688    
    Cottonseed refined                             680            680
    Cottonseed solvent                             645            645
    Groundnut oil – loose (10 kg)                  1,130          1,130
    Groundnut oil refined (15 Litre)               1,710          1,710
    Sunflower oil refined (10 kg)                  890            890
    Linseed oil (10 kg)                            920            940
    Rapeseed oil (for 15 kg)                       1,350          1,350
    Castor oil (for 15 kg)                         1,830          1,830
    Coconut KP oil (for 15 kg)                     3,050          3,050

    AMRAVATI
    Soyoil refined                                 733            731
    Soyoil Solvent                                 693            691
    Cottonseed refined                             680            680
    Cottonseed solvent                             645            645

    AKOLA
    Soyoil refined                                 733            730
    Soyoil Solvent                                 693            690        
    Cottonseed refined oil                         680          680 
    Cottonseed solvent                             645            645

    DHULIA
    Soyoil refined                                 734            731
  
    KHAMGAON
    Soyoil refined 
                                                730            732
    JALNA
    Soyoil refined 
                                                   726            723
    NANDED
    Soyoil refined                                 722            720
   
    Soyoil refined prices at other places in Maharashtra : Latur - 724, 
    Khamgaon – 734-, Washim – 732, Solapur – 723, Sangli – 733.

    (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)                  28,000-28,500    28,000-28,500
      
    Soymeal prices at other places in Maharashtra : Akola – 27,800, 
    Washim – 28,300, Dhulia – 29,300, Hingoli – 29,800, Jalna – 30,400,
    Nandurbar – 29,300, Khamgaon – 27,800, Latur – 29,500, Nanded – 29,100,
    Solapur – 30,300, Dharwad – 30,500, Sangli – 29,300

WEATHER (NAGPUR)  
Maximum temp. 29.0 degree Celsius, minimum temp. 12.8 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 30 and 13 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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