November 19, 2018 / 8:14 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 19, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 19, 2018

Nagpur, Nov 19 (Reuters) – Barring a fall in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled soyabean oil prices down. Good recovery in American soya digam prices also
affected sentiment, sources said Monday.
.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed,
    Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further fall in soyabean oil here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor in limited deals.
         
   SOYABEAN
  * Soyabean prices moved down again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Easy condition in 
    Soyabean oil, no takers to soymeal and weak trend in Madhya Pradesh soyabean prices 
    also pushed down prices here 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    30,000-33,500       30,000-33,700         --
    (Available price)
    Market delivery    30,100-33,600       30,100-33,800          --
    (Traders price)
    Plant delivery     34,700-35,300       34,700-35,300          --

    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 – 35,250, Washim – 35,300, Khamgaon – 34,900, Dhulia – 35,300, 
    Hingoli – 35,300, Jalna – 34,900, Nandurbar – 34,000, 
    Latur – 35,300, Nanded – 35,300, Solapur – 35,500, Sangli – 36,000.
        
    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.             1,250-1,350
    Dhan                  n.a.            n.a.             1,800-2,065
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         743            745
    Soyoil solvent crushing plant delivery         703            705    
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710
    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)                         1,950          1,950
    Coconut KP oil (for 15 kg)                     3,200          3,250

    AMRAVATI
    Soyoil refined                                 745            747
    Soyoil Solvent                                 705            707
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 745            748
    Soyoil Solvent                                 705            708        
    Cottonseed refined oil                         735          735 
    Cottonseed solvent                             715            715

    DHULIA
    Soyoil refined                                 744            746
  
    KHAMGAON
    Soyoil refined 
                                                745            747
    JALNA
    Soyoil refined 
                                                   751            753
    NANDED
    Soyoil refined                                 740            742
   
    Soyoil refined prices at other places in Maharashtra : Latur - 740, 
    Khamgaon – 743, Washim – 744, Solapur – 742, Sangli – 744.

    (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 – 29,800, Hingoli – 29,500, Jalna – 29,200,
    Nandurbar – 29,100, Khamgaon – 27,700, Latur – 30,000, Nanded – 29,000,
    Solapur – 29,500, Dharwad – 30,000, Sangli – 29,000

WEATHER (NAGPUR)  
Maximum temp. 32.8 degree Celsius, minimum temp. 14.7 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 14 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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