December 17, 2018 / 8:04 AM / 8 months ago

Nagpur Soybean, Soyoil, Soymeal Open- DEC 17, 2018

Nagpur Soybean, Soyoil, Soymeal Open-December 17, 2018

Nagpur, Dec 17 (Reuters) – Soyabean and Cottonseed oil prices today suffered heavily in Vidarbha
region of Western Maharashtra on stockists selling looking towards month ending, driven by
higher imports amid weak global cues. Fall in demand from millers and retailers also put
pressure on soyabean oil. Besides, sufficient stocks, sharp fall on NCDEX and easy condition in
Madhya Pradesh soyabean oil also affected sentiment in thin trading activity, sources said
Monday.


                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect downward trend in Soyabean and Cottonseed oil here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. Fresh fall in 
    international soymeal prices also affected sentiment.

         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants amid high moisture 
    content arrival. Sharp fall in Soyabean oil, easy condition on NCDEX and downward 
    trend in Madhya Pradesh soyabean prices also affected sentiment.  
    About 700 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    30,000-33,100       30,000-33,300         --
    (Available price)
    Market delivery    30,100-33,200       30,100-33,400          --
    (Traders price)
    Plant delivery     33,900-34,200       33,900-34,200          --

    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 – 34,500, Washim – 34,400, Khamgaon – 34,800, Dhulia – 34,900, 
    Hingoli – 35,200, Jalna – 35,200, Nandurbar – 35,100, 
    Latur – 35,200, Nanded – 35,200, Solapur – 35,400, 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.             1,400-1,550
    Dhan                  6,000        1,800-2,150         2,000-2,141
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         732            736
    Soyoil solvent crushing plant delivery         692            697    
    Cottonseed refined                             690            695
    Cottonseed solvent                             670            680
    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            890
    Rapeseed oil (for 15 kg)                       1,340          1,340
    Castor oil (for 15 kg)                         1,830          1,830
    Coconut KP oil (for 15 kg)                     3,000          3,000

    AMRAVATI
    Soyoil refined                                 734            738
    Soyoil Solvent                                 695            698
    Cottonseed refined                             690            696
    Cottonseed solvent                             670            675

    AKOLA
    Soyoil refined                                 735            738
    Soyoil Solvent                                 695            698        
    Cottonseed refined oil                         690          696 
    Cottonseed solvent                             670            675

    DHULIA
    Soyoil refined                                 733            737
  
    KHAMGAON
    Soyoil refined 
                                                740            743
    JALNA
    Soyoil refined 
                                                   734            738
    NANDED
    Soyoil refined                                 729            733
   
    Soyoil refined prices at other places in Maharashtra : Latur - 728, 
    Khamgaon – 738, Washim – 736, Solapur – 723, Sangli – 729.

    (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)                  27,700-28,200    27,700-28,200
      
    Soymeal prices at other places in Maharashtra : Akola – 28,000, 
    Washim – 28,000, Dhulia – 29,000, Hingoli – 29,000, Jalna – 29,200,
    Nandurbar – 29,300, Khamgaon – 27,400, Latur – 29,500, Nanded – 28,500,
    Solapur – 29,500, Dharwad – 29,800, Sangli – 29,300

WEATHER (NAGPUR)  
Maximum temp. 26.1 degree Celsius, minimum temp. 15.6 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with light rains. Maximum and minimum temperature likely to be
around 26 degree Celsius and 16 degree Celsius.

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

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