November 2, 2018 / 8:09 AM / 16 days ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 02, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 2, 2018

Nagpur, Nov 2 (Reuters) – The rising trend in Groundnut, Sunflower and Castor oil prices
remained unabated for the fourth straight day today in Vidarbha region of Central Maharashtra as
prices rise further on increased buying by vanaspati millers for the Diwali festival season,
amid a firm trend in producing belts. Healthy rise in Madhya Pradesh groundnut oil and reported
demand from traders of other states also fuelled prices. 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, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Linseed, Rapeseed and Coconut KP oil ruled 
    steady here in thin trading activity. 
  * Traders expect further rise in Groundnut and Castor oil here.
    
   SOYMEAL
  * Soymeal prices today ruled steady but demand was poor in weak trading activity.
         
   SOYABEAN
  * Soyabean prices reported weak in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. No takers to soyabean oil 
    & soymeal, downward trend on NCDEX, fresh fall in Madhya Pradesh soyabean prices and 
    high moisture content arrival also pulled down prices in weak trading activity. 
    About 3,500 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    28,000-32,700       28,500-32,900         --
    (Available price)
    Market delivery    28,100-32,800       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 – 34,000, Khamgaon – 33,400, Dhulia – 33,200, 
    Hingoli – 34,800, Jalna – 33,800, Nandurbar – 33,200, 
    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.             1,100-1,300
    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         767            767
    Soyoil solvent crushing plant delivery         727            727    
    Cottonseed refined                             760            760
    Cottonseed solvent                             730            730
    Groundnut oil – loose (10 kg)                  1,100          1,090
    Groundnut oil refined (15 Litre)               1,680          1,670
    Sunflower oil refined (10 kg)                  890            880
    Linseed oil (10 kg)                            950            950
    Rapeseed oil (for 15 kg)                       1,340          1,340
    Castor oil (for 15 kg)                         1,630          1,580
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 767            767
    Soyoil Solvent                                 727            727
    Cottonseed refined                             755            760
    Cottonseed solvent                             730            730

    AKOLA
    Soyoil refined                                 767            767
    Soyoil Solvent                                 727            727        
    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 – 27,500, 
    Washim – 27,800, Dhulia – 28,300, Hingoli – 28,500, Jalna – 28,200,
    Nandurbar – 28,000, Khamgaon – 26,800, Latur – 29,200, 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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