December 6, 2018 / 7:59 AM / 13 days ago

Nagpur Soybean, Soyoil, Soymeal Open- DEC 06, 2018

Nagpur Soybean, Soyoil, Soymeal Open-December 6, 2018

Nagpur, Dec 6 (Reuters) – Steady conditions persisted in major edible oils in Vidarbha region of
Western Maharashtra as oil prices hovered around previous day’s level on small bouts of trading.
Absence of buying interest and easy condition on Madhya Pradesh oil market mainly kept prices
unchanged. A majority of traders adopted wait and watch move because of fresh fall in
international edible oils, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL
  * Soymeal prices today quoted moved down here on poor demand from South-based traders. 
    Easy condition in international soymeal prices also affected sentiment.

         
   SOYABEAN
  * Soyabean prices declined in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. No takers to soyabean 
    oil & soymeal, weak trend on NCDEX and easy condition in Madhya Pradesh soyabean 
    prices also pushed down prices here. 
    About 1,200 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    30,000-32,400       30,000-32,700         --
    (Available price)
    Market delivery    30,100-32,500       30,100-32,800          --
    (Traders price)
    Plant delivery     34,000-34,300       34,000-34,300          --

    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 – 35,200, 
    Hingoli – 35,100, Jalna – 35,000, Nandurbar – 35,000, 
    Latur – 35,100, Nanded – 35,100, Solapur – 35,300, 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.             1,300-1,500
    Dhan                  n.a.            n.a.             1,800-2,200
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         728            728
    Soyoil solvent crushing plant delivery         668            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)                            900            900
    Rapeseed oil (for 15 kg)                       1,330          1,330
    Castor oil (for 15 kg)                         1,830          1,830
    Coconut KP oil (for 15 kg)                     3,000          3,000

    AMRAVATI
    Soyoil refined                                 730            730
    Soyoil Solvent                                 690            690
    Cottonseed refined                             680            680
    Cottonseed solvent                             645            645

    AKOLA
    Soyoil refined                                 731            731
    Soyoil Solvent                                 691            691        
    Cottonseed refined oil                         680          680 
    Cottonseed solvent                             645            645

    DHULIA
    Soyoil refined                                 730            730
  
    KHAMGAON
    Soyoil refined 
                                                732            730
    JALNA
    Soyoil refined 
                                                   728            728
    NANDED
    Soyoil refined                                 710            710
   
    Soyoil refined prices at other places in Maharashtra : Latur - 710, 
    Khamgaon – 732, Washim – 730, Solapur – 710, Sangli – 731.

    (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)                  27,900-28,300    28,000-28,500
      
    Soymeal prices at other places in Maharashtra : Akola – 27,700, 
    Washim – 28,200, Dhulia – 28,800, Hingoli – 29,300, Jalna – 29,200,
    Nandurbar – 29,300, Khamgaon – 27,200, Latur – 29,200, Nanded – 29,100,
    Solapur – 29,600, Dharwad – 30,100, Sangli – 29,300

WEATHER (NAGPUR)  
Maximum temp. 28.2 degree Celsius, minimum temp. 13.1 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 29 and 14 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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