December 21, 2018 / 8:16 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- DEC 21, 2018

Nagpur Soybean, Soyoil, Soymeal Open-December 21, 2018

Nagpur, Dec 21 (Reuters) – The prices of Linseed and Castor oils in non-edible section today
tumble in the Vidarbha region of Western Maharashtra largely in tandem with weakening prices in
producing belts. Trading sentiment turned bearish after release of stock from stockists. Trading
activity in other edible oils reported weak as no trader was in mood for any commitment because
of downward trend in Malaysian palm oil and American soya digam prices, sources said Friday.



                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed 
    and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect downward trend in non-edible oils. 
    
   SOYMEAL
  * Soymeal prices today declined here on lack of demand from South-based traders. Easy
    condition in international soymeal prices also affected sentiment.
 
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing regions. Fresh hike in Madhya Pradesh soyabean prices and reported demand
    from South-based plants also boosted prices.  
    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    30,000-33,000       30,000-32,800         --
    (Available price)
    Market delivery    30,100-33,100       30,100-32,900          --
    (Traders price)
    Plant delivery     33,700-34,000       33,700-34,000          --

    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 – 34,900, Jalna – 35,200, Nandurbar – 35,100, 
    Latur – 34,900, Nanded – 34,900, Solapur – 35,100, 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                  3,700        1,800-2,200         1,800-2,116
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         730            730
    Soyoil solvent crushing plant delivery         690            690    
    Cottonseed refined                             690            690
    Cottonseed solvent                             670            670
    Groundnut oil – loose (10 kg)                  1,110          1,110
    Groundnut oil refined (15 Litre)               1,680          1,680
    Sunflower oil refined (10 kg)                  890            890
    Linseed oil (10 kg)                            870            880
    Rapeseed oil (for 15 kg)                       1,330          1,330
    Castor oil (for 15 kg)                         1,770          1,800
    Coconut KP oil (for 15 kg)                     3,000          3,000

    AMRAVATI
    Soyoil refined                                 732            732
    Soyoil Solvent                                 692            692
    Cottonseed refined                             690            690
    Cottonseed solvent                             670            670

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

    DHULIA
    Soyoil refined                                 731            731
  
    KHAMGAON
    Soyoil refined 
                                                738            738
    JALNA
    Soyoil refined 
                                                   732            732
    NANDED
    Soyoil refined                                 727            727
   
    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)                  27,300-28,000    27,500-28,300
      
    Soymeal prices at other places in Maharashtra : Akola – 27,500, 
    Washim – 28,200, Dhulia – 29,000, Hingoli – 28,800, Jalna – 29,200,
    Nandurbar – 29,300, Khamgaon – 27,100, Latur – 28,700, Nanded – 28,300,
    Solapur – 29,500, Dharwad – 29,800, Sangli – 28,800

WEATHER (NAGPUR)  
Maximum temp. 26.8 degree Celsius, minimum temp. 8.3 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 25 degree
Celsius and 8 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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