November 21, 2018 / 8:08 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 21, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 21, 2018

Nagpur, Nov 21 (Reuters) – Soyabean oil today declined in Vidarbha region of Western Maharashtra
on stockists selling looking towards month ending, driven by higher imports amid weak global
cues. Fall in demand from millers and retailers also put pressure on soyabean oil. Besides,
sufficient stocks, fresh fall on NCDEX and easy condition in Malaysian palm oil also affected
sentiment in thin trading activity, sources said Wednesday.
.

                       *****
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 nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. Weak trend in soyabean 
    oil, no takers to soymeal, easy condition on NCDEX and downward trend in Madhya 
    Pradesh soyabean prices also affected sentiment in limited deals. 
    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    30,000-33,500       30,000-33,800         --
    (Available price)
    Market delivery    30,100-33,600       30,100-33,900          --
    (Traders price)
    Plant delivery     34,900-35,500       34,900-35,500          --

    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 – 35,400, Washim – 35,600, Khamgaon – 35,000, Dhulia – 35,900, 
    Hingoli – 36,500, Jalna – 35,300, Nandurbar – 35,000, 
    Latur – 36,500, Nanded – 36,500, Solapur – 36,700, Sangli – 36,400.
        
    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         742            745
    Soyoil solvent crushing plant delivery         702            705    
    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                                 741            744
    Soyoil Solvent                                 701            705
    Cottonseed refined                             710            710
    Cottonseed solvent                             675            675

    AKOLA
    Soyoil refined                                 740            745
    Soyoil Solvent                                 700            705        
    Cottonseed refined oil                         710          710 
    Cottonseed solvent                             675            675

    DHULIA
    Soyoil refined                                 735            739
  
    KHAMGAON
    Soyoil refined 
                                                743            745
    JALNA
    Soyoil refined 
                                                   735            740
    NANDED
    Soyoil refined                                 725            732
   
    Soyoil refined prices at other places in Maharashtra : Latur - 725, 
    Khamgaon – 741, Washim – 742, Solapur – 725, Sangli – 742.

    (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    27,700-28,200
      
    Soymeal prices at other places in Maharashtra : Akola – 28,400, 
    Washim – 27,900, Dhulia – 29,000, Hingoli – 29,300, Jalna – 30,000,
    Nandurbar – 28,800, Khamgaon – 27,300, Latur – 29,500, Nanded – 29,000,
    Solapur – 29,600, Dharwad – 29,800, Sangli – 29,200

WEATHER (NAGPUR)  
Maximum temp. 33.2 degree Celsius, minimum temp. 16.6 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 33 and 17 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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