November 20, 2018 / 8:16 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 20, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 20, 2018

Nagpur, Nov 20 (Reuters) – There was no change in major edible oil pattern of trading in the
Vidarbha region of Western Maharashtra today as prices continued to rule flat on little bouts of
buying against sporadic offtake, mainly kept the prices around previous levels. Traders adopted
wait and watch policy because of weak trend in international edible oil, downward trend on NCDEX
and fresh fall in Madhya Pradesh oil, sources said Tuesday.
.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL
  * Soymeal prices today recovered here on good seasonal demand from local traders.
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. Fresh hike in Madhya 
    Pradesh soyabean prices and reported demand from South-based plants also jacked up 
    prices. 
    About 2,000 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    30,000-33,700       30,000-33,500         --
    (Available price)
    Market delivery    30,100-33,800       30,100-33,600          --
    (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 – 35,500, 
    Hingoli – 35,500, Jalna – 34,900, Nandurbar – 34,000, 
    Latur – 35,500, Nanded – 35,500, Solapur – 35,700, 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            743
    Soyoil solvent crushing plant delivery         703            703    
    Cottonseed refined                             710            710
    Cottonseed solvent                             675            675
    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          3,200

    AMRAVATI
    Soyoil refined                                 744            744
    Soyoil Solvent                                 705            705
    Cottonseed refined                             710            710
    Cottonseed solvent                             675            675

    AKOLA
    Soyoil refined                                 743            743
    Soyoil Solvent                                 703            703        
    Cottonseed refined oil                         710          710 
    Cottonseed solvent                             675            675

    DHULIA
    Soyoil refined                                 740            740
  
    KHAMGAON
    Soyoil refined 
                                                745            745
    JALNA
    Soyoil refined 
                                                   743            743
    NANDED
    Soyoil refined                                 732            732
   
    Soyoil refined prices at other places in Maharashtra : Latur - 732, 
    Khamgaon – 743, Washim – 744, Solapur – 732, 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)                  27,700-28,200    27,500-28,000
      
    Soymeal prices at other places in Maharashtra : Akola – 28,300, 
    Washim – 27,900, Dhulia – 29,000, Hingoli – 29,300, Jalna – 30,000,
    Nandurbar – 28,800, Khamgaon – 27,300, Latur – 29,800, Nanded – 29,000,
    Solapur – 29,500, Dharwad – 30,000, Sangli – 30,000

WEATHER (NAGPUR)  
Maximum temp. 33.8 degree Celsius, minimum temp. 16.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 33 and 16 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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