November 1, 2018 / 9:52 AM / in 19 days

Nagpur Soybean, Soyoil, Soymeal Open- NOV 01, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 1, 2018

Nagpur, Nov 1 (Reuters) – Prices of Groundnut oil in edible section and Castor oil in non-edible
section today zoomed up in Vidarbha region of Western Maharashtra on fresh buying by Vansaspati
millers for the Diwali festival demand amid a firming trend in producing regions like Gujarath
and Tamilnadu. Weak supply from producing regions and reported demand of overseas traders to
Castor oil also boosted prices. Trading activity in other edible oils reported weak because of
weak trend in Malasiyan palm oil, according to sources.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Sunflower refined, Linseed, Rapeseed and Coconut KP oil ruled 
    steady here in sluggish trading activity. 
  * Traders expect upward trend in Groundnut oil here.
    
   SOYMEAL
  * Soymeal prices today ruled steady but demand was poor in weak trading activity.
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants amid high moisture 
    content arrival. Easy condition in Madhya Pradesh soyabean prices and release of 
    stock from stockists also pushed down prices in limited deals. 
    About 4,000 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    28,000-32,900       28,500-32,900         --
    (Available price)
    Market delivery    28,100-33,000       28,500-33,000          --
    (Traders price)
    Plant delivery     33,200-33,700       33,200-33,700          --

    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 – 33,700, Washim – 33,250, Khamgaon – 33,400, Dhulia – 33,200, 
    Hingoli – 34,300, Jalna – 33,800, Nandurbar – 33,200, 
    Latur – 34,300, Nanded – 34,200, Solapur – 34,600, Sangli – 35,500.
        
    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.             1,100-1,300
    Dhan                  n.a.            n.a.             2,100-2,441
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         768            768
    Soyoil solvent crushing plant delivery         728            728    
    Cottonseed refined                             760            760
    Cottonseed solvent                             730            730
    Groundnut oil – loose (10 kg)                  1,090          1,080
    Groundnut oil refined (15 Litre)               1,670          1,650
    Sunflower oil refined (10 Litre)               880            880
    Linseed oil (10 litre)                         950            950
    Rapeseed oil (for 15 kg)                       1,340          1,340
    Castor oil (for 15 kg)                         1,580          1,540
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 769            769
    Soyoil Solvent                                 729            729
    Cottonseed refined                             755            760
    Cottonseed solvent                             730            730

    AKOLA
    Soyoil refined                                 769            769
    Soyoil Solvent                                 729            729        
    Cottonseed refined oil                         755          760 
    Cottonseed solvent                             725            725

    DHULIA
    Soyoil refined                                 774            774
  
    KHAMGAON
    Soyoil refined 
                                                765            765
    JALNA
    Soyoil refined 
                                                   773            773
    NANDED
    Soyoil refined                                 755            755
   
    Soyoil refined prices at other places in Maharashtra : Latur - 755, 
    Khamgaon – 763, Washim – 764, Solapur – 754, Sangli – 764.

    (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)                  27,000-27,500    27,000-27,500
      
    Soymeal prices at other places in Maharashtra : Akola – 28,000, 
    Washim – 27,800, Dhulia – 28,200, Hingoli – 28,500, Jalna – 28,500,
    Nandurbar – 28,000, Khamgaon – 26,800, Latur – 29,000, Nanded – 28,300,
    Solapur – 28,200, Dharwad – 28,800, Sangli – 29,000

WEATHER (NAGPUR)  
Maximum temp. 31.2 degree Celsius, minimum temp. 18.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 19 degree
Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.

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