December 7, 2018 / 8:01 AM / 11 days ago

Nagpur Soybean, Soyoil, Soymeal Open- DEC 07, 2018

Nagpur Soybean, Soyoil, Soymeal Open-December 7, 2018

Nagpur, Dec 7 (Reuters) – Soyabean oil in edible section and Linseed oil in non-edible section,
declined in Vidarbha region of Western Maharashtra today on persistent selling by stockists amid
good supply from producing regions and weak trend in overseas edible oils. Sentiment turned
bearish because of release of stock from stockists. Trading activity in other edible reported
weak as no trader was in mood for any commitment because of downward trend on NCDEX, according
to sources.

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

         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. No takers to soyabean 
    oil & soymeal since past four sessions, weak trend on NCDEX and easy condition in 
    Madhya Pradesh soyabean prices also affected prices here. 
    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    30,000-32,200       30,000-32,400         --
    (Available price)
    Market delivery    30,100-32,300       30,100-32,500          --
    (Traders price)
    Plant delivery     33,800-34,000       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 – 34,900, Jalna – 35,000, Nandurbar – 35,000, 
    Latur – 34,900, Nanded – 34,900, Solapur – 35,100, Sangli – 35,000.
        
    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         729            731
    Soyoil solvent crushing plant delivery         689            691    
    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)                            890            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            731
    Soyoil Solvent                                 690            692
    Cottonseed refined                             680            680
    Cottonseed solvent                             645            645

    AKOLA
    Soyoil refined                                 731            732
    Soyoil Solvent                                 691            692        
    Cottonseed refined oil                         680          680 
    Cottonseed solvent                             645            645

    DHULIA
    Soyoil refined                                 730            732
  
    KHAMGAON
    Soyoil refined 
                                                732            733
    JALNA
    Soyoil refined 
                                                   728            729
    NANDED
    Soyoil refined                                 710            712
   
    Soyoil refined prices at other places in Maharashtra : Latur - 711, 
    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    27,900-28,300
      
    Soymeal prices at other places in Maharashtra : Akola – 27,200, 
    Washim – 28,200, Dhulia – 28,000, Hingoli – 29,300, Jalna – 28,500,
    Nandurbar – 29,300, Khamgaon – 27,200, Latur – 28,800, Nanded – 29,100,
    Solapur – 29,500, Dharwad – 29,300, Sangli – 28,700

WEATHER (NAGPUR)  
Maximum temp. 28.9 degree Celsius, minimum temp. 14.6 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 29 and 15 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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