November 16, 2018 / 8:11 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 16, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 16, 2018

Nagpur, Nov 16 (Reuters) – The rising trend in Castor oil prices in non-edible section remained
unabated for the fourth straight day today in Vidarbha region of Central Maharashtra as prices
rise further on increased buying by oil paint industries for the ongoing festival season, amid a
firm trend in producing belts. Trading activity in other edible oils reported weak as traders
because of good recovery in international edible oils, sources said Tuesday.
.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed,
    Rapeseed and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect upward trend in Castor oil here.
    
   SOYMEAL
  * Soymeal prices today quoted static here but demand was poor.
         
   SOYABEAN
  * Soyabean prices firmed up again 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 on NCDEX and reported demand 
    from South-based millers also jacked up prices. 
    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    30,000-33,900       30,000-33,700         --
    (Available price)
    Market delivery    30,100-34,000       30,100-33,800          --
    (Traders price)
    Plant delivery     34,300-35,000       34,300-35,000          --

    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          n.a.           n.a.             1,250-1,350
    Dhan                  1,150           1,800-2,065      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)                         1,920          1,900
    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                                 750            750
  
    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. 33.8 degree Celsius, minimum temp. 13.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 33 and 13 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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