November 5, 2018 / 9:13 AM / 16 days ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 05, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 5, 2018

Nagpur, Nov 5 (Reuters) – Price of Castor oil in non-edible oil section today skyrocketed in
Vidarbha region of Western Maharashtra on increased offtake by oil-paint industires  amid a
firming trend in producing regions. Buying activity in this oil picked up because of weak
supply. Trading activity in other major edible oil and non-edible oils reported weak as no
trader was in mood for any commitment because of weak overseas oil prices, sources said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed and Coconut KP oil ruled steady here in limited trading activity. 
  * Traders expect further rise in Castor oil here.
    
   SOYMEAL
  * Soymeal prices today ruled steady but demand was poor in thin trading activity.
         
   SOYABEAN
  * Soyabean prices zoomed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants amid weak supply 
    from producing regions. Notable hike on NCDEX, good rise in Madhya Pradesh soyabean 
    prices and repeated enquiries from South-based plants also boosted prices. 
    About 3,000 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    29,000-33,700       29,000-33,000         --
    (Available price)
    Market delivery    29,100-33,800       29,100-33,100          --
    (Traders price)
    Plant delivery     33,300-33,800       33,300-33,800          --

    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 – 34,100, Khamgaon – 33,800, Dhulia – 34,000, 
    Hingoli – 34,900, Jalna – 33,800, Nandurbar – 33,700, 
    Latur – 35,000, Nanded – 34,900, Solapur – 35,200, 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)                  1,120          1,120
    Groundnut oil refined (15 Litre)               1,700          1,680
    Sunflower oil refined (10 kg)                  890            890
    Linseed oil (10 kg)                            950            950
    Rapeseed oil (for 15 kg)                       1,340          1,340
    Castor oil (for 15 kg)                         1,720          1,670
    Coconut KP oil (for 15 kg)                     3,350          3,350

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

    AKOLA
    Soyoil refined                                 767            767
    Soyoil Solvent                                 727            727        
    Cottonseed refined oil                         755          755 
    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 – 28,100, Khamgaon – 26,600, Latur – 29,300, Nanded – 28,300,
    Solapur – 28,200, Dharwad – 29,300, Sangli – 29,000

WEATHER (NAGPUR)  
Maximum temp. 34.2 degree Celsius, minimum temp. 20.7 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 34 and 20 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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