December 27, 2018 / 8:04 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- DEC 27, 2018

Nagpur Soybean, Soyoil, Soymeal Open-December 27, 2018

Nagpur, Dec 27 (Reuters) – In a range-bound trading, major edible and non-edible oil prices in
Vidarbha in Western part of Maharashtra remained steady today as prices moved in narrow range
and settled around previous levels. Scattered enquiries against adequate stocks position mainly
kept oil prices intact. No trader was in mood for any commitment because of good hike in
international oil prices, adopting wait and watch move, 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 thin trading activity. 
  * Traders expect nearly steady trend in major edible and non-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 reported weak in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. No takers to soyabean 
    oil & soymeal, easy condition in Madhya Pradesh soyabean prices and high moisture 
    content arrival also affected prices in limited deals. 
    About 600 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    30,000-32,600       30,000-32,700         --
    (Available price)
    Market delivery    30,100-32,700       30,100-32,800          --
    (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 – 34,800, Solapur – 35,100, 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            726
    Soyoil solvent crushing plant delivery         685            685    
    Cottonseed refined                             685            685
    Cottonseed solvent                             665            665
    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            728
    Soyoil Solvent                                 688            688
    Cottonseed refined                             686            686
    Cottonseed solvent                             666            666

    AKOLA
    Soyoil refined                                 727            727
    Soyoil Solvent                                 687            687        
    Cottonseed refined oil                         685          685 
    Cottonseed solvent                             665            665

    DHULIA
    Soyoil refined                                 724            724
  
    KHAMGAON
    Soyoil refined 
                                                736            736
    JALNA
    Soyoil refined 
                                                   726            726
    NANDED
    Soyoil refined                                 725            725
   
    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    27,300-27,800
      
    Soymeal prices at other places in Maharashtra : Akola – 27,300, 
    Washim – 28,200, Dhulia – 28,800, Hingoli – 28,200, 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. 30.2 degree Celsius, minimum temp. 10.9 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 31 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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