November 15, 2018 / 8:10 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 15, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 15, 2018

Nagpur, Nov 15 (Reuters) – Prices of Castor oil in non-edible oil prices today touched ro a
record high in Vidarbha region of Western Maharashtra on increased offtake by oil paint
industries amid a firming trend in producing regions. Buying activity in this oil picked up
because of poor crop position reports in this season. Trading activity other major edible oils
reported weak as traders adopted wait and watch move, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed,
    Rapeseed and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect further hike in Castor oil here.
    
   SOYMEAL
  * Soymeal prices today ruled steady in open market here but demand was poor. Frehs fall 
    in international soymeal prices also affected sentiment 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. No takers to soyabean oil & soymeal, easy condition in Madhya 
    Pradesh soyabean prices and release of stock from stockists also pushed down prices 
    in limited deals. 
    About 1,300 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    29,500-33,750       30,000-34,000         --
    (Available price)
    Market delivery    29,600-33,850       30,100-34,100          --
    (Traders price)
    Plant delivery     34,300-35,000       34,300-34,800          --

    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 – 34,800, Washim – 34,750, Khamgaon – 34,900, Dhulia – 34,800, 
    Hingoli – 35,500, Jalna – 34,500, Nandurbar – 34,000, 
    Latur – 35,500, Nanded – 35,400, Solapur – 35,700, Sangli – 36,500.
        
    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          30           1,250-1,350      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            755
    Soyoil solvent crushing plant delivery         715            715    
    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)                         1,900          1,850
    Coconut KP oil (for 15 kg)                     3,250          3,250

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

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

    DHULIA
    Soyoil refined                                 760            760
  
    KHAMGAON
    Soyoil refined 
                                                755            755
    JALNA
    Soyoil refined 
                                                   763            763
    NANDED
    Soyoil refined                                 750            750
   
    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 – 27,800, 
    Washim – 27,900, Dhulia – 29,300, Hingoli – 29,500, Jalna – 29,200,
    Nandurbar – 29,100, Khamgaon – 27,800, Latur – 29,500, Nanded – 29,500,
    Solapur – 29,200, Dharwad – 29,500, Sangli – 29,300

WEATHER (NAGPUR)  
Maximum temp. 33.6 degree Celsius, minimum temp. 12.0 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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