December 18, 2018 / 8:11 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- DEC 18, 2018

Nagpur Soybean, Soyoil, Soymeal Open-December 18, 2018

Nagpur, Dec 18 (Reuters) – Soyabean oil and groundnut oil prices dipped up at the Vidarbha
region of Western Maharashtra today on considerable fall in demand at prevailing levels, amid
weak trends in overseas markets. Sentiment turned weak as Malaysian palm oil and American soya
digam reported weak. Fresh fall on NCDEX in soyabean oil and downward trend in Madhya Pradesh
edible oil prices also affected sentiment, according to sources.


                       *****
VIDARBHA MARKETS
OILS
  * Sunflower refined, Linseed, Rapeseed, Castor and Coconut KP oil ruled steady here in 
    weak trading activity. 
  * Traders expect further fall in Soyabean and groundnut 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 lack of demand from local crushing plants amid high moisture 
    content arrival. Further fall in Soyabean oil, weak trend on NCDEX and easy condition 
    in Madhya Pradesh soyabean prices also pulled down prices here.  
    About 500 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       30,000-33,200         --
    (Available price)
    Market delivery    30,100-33,000       30,100-33,300          --
    (Traders price)
    Plant delivery     33,700-34,000       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         730            732
    Soyoil solvent crushing plant delivery         690            693    
    Cottonseed refined                             690            690
    Cottonseed solvent                             670            670
    Groundnut oil – loose (10 kg)                  1,120          1,130
    Groundnut oil refined (15 Litre)               1,700          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                                 732            735
    Soyoil Solvent                                 692            695
    Cottonseed refined                             690            690
    Cottonseed solvent                             670            670

    AKOLA
    Soyoil refined                                 732            735
    Soyoil Solvent                                 692            695        
    Cottonseed refined oil                         690          690 
    Cottonseed solvent                             670            670

    DHULIA
    Soyoil refined                                 731            733
  
    KHAMGAON
    Soyoil refined 
                                                738            740
    JALNA
    Soyoil refined 
                                                   732            734
    NANDED
    Soyoil refined                                 727            730
   
    Soyoil refined prices at other places in Maharashtra : Latur - 726, 
    Khamgaon – 736, Washim – 734, Solapur – 721, Sangli – 727.

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

WEATHER (NAGPUR)  
Maximum temp. 26.1 degree Celsius, minimum temp. 15.0 degree Celsius 
Rainfall : 1.7 mm
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 27 degree Celsius and 14 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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