November 23, 2018 / 7:51 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 23, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 23, 2018

Nagpur, Nov 23 (Reuters) – The prices of Linseed and Castor oils in non-edible section today
tumble in the Vidarbha region of Western Maharashtra largely in tandem with weakening prices in
producing belts. Trading sentiment turned bearish after release of stock from stockists. Trading
activity in other edible oils reported weak as no trader was in mood for any commitment because
of downward trend in Malaysian palm oil prices and closure of major oils market on the occasion
of Guru Nanak Jayanti, sources said Friday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed 
    and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further fall in Linseed oil here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
  * Soyabean prices recovered in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid thin arrival from 
    producing regions. Weak supply in Madhya Pradesh soyabean mandi and repeated 
    enquiries from South-based plants also helped to push up prices here. 
    About 1,500 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    31,000-33,700       30,300-33,500         --
    (Available price)
    Market delivery    31,100-33,800       30,400-33,600          --
    (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 – 35,700, Jalna – 35,300, Nandurbar – 35,000, 
    Latur – 35,800, Nanded – 35,700, Solapur – 36,000, 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         739            739
    Soyoil solvent crushing plant delivery         699            699    
    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)                            940            950
    Rapeseed oil (for 15 kg)                       1,350          1,350
    Castor oil (for 15 kg)                         1,880          1,900
    Coconut KP oil (for 15 kg)                     3,150          3,150

    AMRAVATI
    Soyoil refined                                 740            742
    Soyoil Solvent                                 700            702
    Cottonseed refined                             710            710
    Cottonseed solvent                             675            675

    AKOLA
    Soyoil refined                                 740            741
    Soyoil Solvent                                 700            705        
    Cottonseed refined oil                         710          710 
    Cottonseed solvent                             675            675

    DHULIA
    Soyoil refined                                 734            735
  
    KHAMGAON
    Soyoil refined 
                                                742            743
    JALNA
    Soyoil refined 
                                                   733            738
    NANDED
    Soyoil refined                                 724            729
   
    Soyoil refined prices at other places in Maharashtra : Latur - 724, 
    Khamgaon – 739, Washim – 740, Solapur – 724, Sangli – 740.

    (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 – 28,300, 
    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 – 29,600, Dharwad – 29,800, Sangli – 30,000

WEATHER (NAGPUR)  
Maximum temp. 32.5 degree Celsius, minimum temp. 13.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 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.

            *    *     *    *    *    *

  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below