November 26, 2018 / 8:01 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 26, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 26, 2018

Nagpur, Nov 26 (Reuters) – Soyabean oil & Coconut KP oil in edible section and castor oil in
non-edible section, declined in Vidarbha region of Western Maharashtra today on persistent
selling by stockists amid good supply from producing regions and weak trends in Madhya Pradesh
oils. Sentiment turned bearish because of downward trend on NCDEX in soyabean oil. Trading
activity in other edible reported weak as no trader was in mood for any commitment because of
fresh fall in Maraysian palm oil prices, according to sources.

.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed and 
    Linseed oil ruled steady here in thin trading activity. 
  * Traders expect further fall in Castor oil here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from South-based traders 
    amid ample stock in ready position.
         
   SOYABEAN
  * Soyabean prices firmed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. Fresh hike on NCDEX and 
    upward trend in Madhya Pradesh soyabean prices also boosted sentiment. 
    About 1,000 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       30,300-33,500         --
    (Available price)
    Market delivery    30,100-33,800       30,400-33,600          --
    (Traders price)
    Plant delivery     35,100-35,500       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 – 35,200, Washim – 35,250, Khamgaon – 35,000, Dhulia – 35,500, 
    Hingoli – 35,700, Jalna – 34,800, Nandurbar – 35,000, 
    Latur – 35,800, Nanded – 35,200, Solapur – 36,000, Sangli – 36,250.
        
    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                 7,000         1,900-2,024        1,950-2,030
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         739            741
    Soyoil solvent crushing plant delivery         699            701    
    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            940
    Rapeseed oil (for 15 kg)                       1,350          1,350
    Castor oil (for 15 kg)                         1,850          1,880
    Coconut KP oil (for 15 kg)                     3,100          3,150

    AMRAVATI
    Soyoil refined                                 740            743
    Soyoil Solvent                                 700            703
    Cottonseed refined                             710            710
    Cottonseed solvent                             675            675

    AKOLA
    Soyoil refined                                 740            744
    Soyoil Solvent                                 700            704        
    Cottonseed refined oil                         710          710 
    Cottonseed solvent                             675            675

    DHULIA
    Soyoil refined                                 734            736
  
    KHAMGAON
    Soyoil refined 
                                                742            744
    JALNA
    Soyoil refined 
                                                   734            735
    NANDED
    Soyoil refined                                 724            727
   
    Soyoil refined prices at other places in Maharashtra : Latur - 724, 
    Khamgaon – 739, Washim – 740, Solapur – 725, Sangli – 739.

    (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 – 28,200, 
    Washim – 27,900, Dhulia – 29,400, Hingoli – 29,300, Jalna – 29,500,
    Nandurbar – 28,800, Khamgaon – 28,000, Latur – 30,000, Nanded – 29,500,
    Solapur – 29,800, Dharwad – 30,700, Sangli – 30,000

WEATHER (NAGPUR)  
Maximum temp. 31.4 degree Celsius, minimum temp. 11.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 12 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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