November 13, 2018 / 8:05 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 13, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 13, 2018

Nagpur, Nov 13 (Reuters) – After Diwali festival, the prices of Soyabean oil and Coconut KP oils
today tumble in the Vidarbha region of Western Maharashtra largely in tandem with weakening
prices in producing belts. Trading sentiment turned bearish after release of stock from
stockists. 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 Tuesday.



                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed 
    and Castor oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL
  * Soymeal prices today ruled steady in open market here but demand was poor. Downward 
    trend in international soymeal prices also affected sentiment.
         
   SOYABEAN
  * Soyabean prices recovered in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply 
    from producing regions. Fresh hike on NCDEX, upward trend in Madhya Pradesh soyabean 
    prices and reported demand from South-based plants also jacked up prices. 
    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    30,500-33,300       29,500-33,300         --
    (Available price)
    Market delivery    30,600-33,400       29,600-33,400          --
    (Traders price)
    Plant delivery     34,300-34,800       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 – 34,800, Washim – 34,750, Khamgaon – 34,900, Dhulia – 34,800, 
    Hingoli – 35,500, Jalna – 34,500, Nandurbar – 34,000, 
    Latur – 35,500, Nanded – 35,500, Solapur – 35,700, 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         755            760
    Soyoil solvent crushing plant delivery         715            720    
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720
    Groundnut oil – loose (10 kg)                  1,130          1,130
    Groundnut oil refined (15 Litre)               1,710          1,710
    Sunflower oil refined (10 kg)                  890            890
    Linseed oil (10 kg)                            950            950
    Rapeseed oil (for 15 kg)                       1,350          1,350
    Castor oil (for 15 kg)                         1,850          1,850
    Coconut KP oil (for 15 kg)                     3,300          3,350

    AMRAVATI
    Soyoil refined                                 757            732
    Soyoil Solvent                                 717            721
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720

    AKOLA
    Soyoil refined                                 758            761
    Soyoil Solvent                                 718            722        
    Cottonseed refined oil                         745          745 
    Cottonseed solvent                             715            715

    DHULIA
    Soyoil refined                                 760            764
  
    KHAMGAON
    Soyoil refined 
                                                755            758
    JALNA
    Soyoil refined 
                                                   763            765
    NANDED
    Soyoil refined                                 750            755
   
    Soyoil refined prices at other places in Maharashtra : Latur - 750, 
    Khamgaon – 753, Washim – 754, Solapur – 749, Sangli – 754.

    (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)                  27,500-28,000    27,500-28,000
      
    Soymeal prices at other places in Maharashtra : Akola – 27,500, 
    Washim – 27,800, Dhulia – 29,000, Hingoli – 28,500, Jalna – 29,200,
    Nandurbar – 29,100, Khamgaon – 27,200, Latur – 29,000, Nanded – 28,300,
    Solapur – 29,200, Dharwad – 29,500, Sangli – 28,800

WEATHER (NAGPUR)  
Maximum temp. 32.6 degree Celsius, minimum temp. 11.6 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 11 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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