December 24, 2018 / 8:39 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- DEC 24, 2018

Nagpur Soybean, Soyoil, Soymeal Open-December 24, 2018

Nagpur, Dec 24 (Reuters) – Soyabean and Groundnut 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
  * Cottonseed, Sunflower refined, Rapeseed, Castor, Linseed and Coconut KP oil ruled 
    steady here in sluggish trading activity. 
  * Traders expect further fall in Soyabean and Groundnut oil prices here. 
    
   SOYMEAL
  * Soymeal prices today moved down here on lack of demand from South-based traders. Easy 
    condition in international soymeal prices also affected sentiment.
 
         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. Fresh fall in 
    soyabean oil, no soymeal, downward trend on NCDEX and easy condition in Madhya 
    Pradesh soyabean prices also affected sentiment in weak trading activity.  
    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    30,000-32,800       30,000-32,950         --
    (Available price)
    Market delivery    30,100-32,900       30,100-33,050          --
    (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 – 34,800, Jalna – 35,200, Nandurbar – 35,100, 
    Latur – 34,800, Nanded – 34,800, Solapur – 35,000, 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                  n.a.            n.a.             1,850-2,180
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         730            733
    Soyoil solvent crushing plant delivery         690            693    
    Cottonseed refined                             690            690
    Cottonseed solvent                             670            670
    Groundnut oil – loose (10 kg)                  1,100          1,110
    Groundnut oil refined (15 Litre)               1,670          1,680
    Sunflower oil refined (10 kg)                  890            890
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,330          1,330
    Castor oil (for 15 kg)                         1,750          1,750
    Coconut KP oil (for 15 kg)                     3,000          3,000

    AMRAVATI
    Soyoil refined                                 732            735
    Soyoil Solvent                                 692            695
    Cottonseed refined                             691            691
    Cottonseed solvent                             656            656

    AKOLA
    Soyoil refined                                 732            735
    Soyoil Solvent                                 692            694        
    Cottonseed refined oil                         700          700 
    Cottonseed solvent                             665            665

    DHULIA
    Soyoil refined                                 728            730
  
    KHAMGAON
    Soyoil refined 
                                                737            740
    JALNA
    Soyoil refined 
                                                   728            730
    NANDED
    Soyoil refined                                 729            731
   
    Soyoil refined prices at other places in Maharashtra : Latur - 719, 
    Khamgaon – 736, Washim – 735, Solapur – 722, 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)                  27,300-27,800    27,300-28,000
      
    Soymeal prices at other places in Maharashtra : Akola – 27,400, 
    Washim – 28,200, Dhulia – 29,000, Hingoli – 28,800, Jalna – 29,000,
    Nandurbar – 29,300, Khamgaon – 27,100, Latur – 28,500, Nanded – 28,000,
    Solapur – 29,300, Dharwad – 29,500, Sangli – 28,600

WEATHER (NAGPUR)  
Maximum temp. 28.0 degree Celsius, minimum temp. 7.8 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 28 degree
Celsius and 9 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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