December 26, 2018 / 9:03 AM / in 2 months

Nagpur Soybean, Soyoil, Soymeal Open- DEC 26, 2018

Nagpur Soybean, Soyoil, Soymeal Open-December 26, 2018

Nagpur, Dec 26 (Reuters) – In range-bound trade, major edible oil prices remained unchanged at
the Vidarbha region of Western Maharashtra today in the absence of worthwhile activity. Arrivals
and offtake too remained at a low ebb and volume of business poor. Absence of demand from
millers mainly kept major oil prices unchanged. No trader was in mood for any commitment,
adopting `wait and watch’ move because of closure of major markets on the X-mas celeration,
according to sources.



                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed,
    Castor, Linseed and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible oils here. 
    
   SOYMEAL
  * Soymeal prices today moved down here on lack of demand from South-based traders amid 
    ample stock in ready position.
 
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Fresh fall in soyabean 
    oil, weak trend in soymeal, easy condition in Madhya Pradesh soyabean prices and 
    release of stock from stockists also pushed down prices in limited deals. 
    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    30,000-32,700       30,000-32,800         --
    (Available price)
    Market delivery    30,100-32,800       30,100-32,900          --
    (Traders price)
    Plant delivery     34,000-34,400       34,000-34,500          --

    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 – 35,000, 
    Hingoli – 34,800, Jalna – 35,200, Nandurbar – 35,100, 
    Latur – 34,800, Nanded – 34,700, Solapur – 35,000, 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.             1,400-1,550
    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         726            730
    Soyoil solvent crushing plant delivery         685            690    
    Cottonseed refined                             685            690
    Cottonseed solvent                             665            670
    Groundnut oil – loose (10 kg)                  1,100          1,100
    Groundnut oil refined (15 Litre)               1,670          1,670
    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)                     3,030          3,030

    AMRAVATI
    Soyoil refined                                 728            732
    Soyoil Solvent                                 688            692
    Cottonseed refined                             686            691
    Cottonseed solvent                             666            670

    AKOLA
    Soyoil refined                                 727            732
    Soyoil Solvent                                 687            692        
    Cottonseed refined oil                         685          690 
    Cottonseed solvent                             665            667

    DHULIA
    Soyoil refined                                 724            728
  
    KHAMGAON
    Soyoil refined 
                                                736            737
    JALNA
    Soyoil refined 
                                                   726            728
    NANDED
    Soyoil refined                                 725            729
   
    Soyoil refined prices at other places in Maharashtra : Latur - 717, 
    Khamgaon – 732, Washim – 732, Solapur – 719, Sangli – 724.

    (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 – 27,300, 
    Washim – 28,200, Dhulia – 28,900, 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. 28.7 degree Celsius, minimum temp. 10.9 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 29 degree
Celsius and 11 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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