November 27, 2018 / 9:00 AM / 22 days ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 27, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 27, 2018

Nagpur, Nov 27 (Reuters) – The slide in major edible and non-edible oil prices continued
unabated in Vidarbha region of Western Maharashtra for second day today on persistent selling by
stockists amid good supply from producing regions and weak trends in overseas markets. Sentiment
turned bearish as Malaysian palm oil and American soya digam reported down. Fresh fall on NCDEX
in soyabean oil and downward trend in Madhya Pradesh edible oil prices also affected sentiment,
according to sources.

.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Castor and Coconut KP oil prices reported down here on poor 
    buying support from local traders amid release of stock from stockists.
  * Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed and Linseed oil ruled 
    steady here in sluggish trading activity. 
  * Traders expect weak trend in Soyabean and Cottonseed oil prices here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from South-based traders 
    amid ample stock in ready position.
         
   SOYABEAN
  * Soyabean prices declined in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Fresh fall in soyabean 
    oil, no takers to soymeal and easy condition in Madhya Pradesh soyabean oil prices 
    also affected sentiment in limited deals. 
    About 2,500 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    31,000-33,600       31,000-33,750         --
    (Available price)
    Market delivery    31,100-33,700       31,100-33,850          --
    (Traders price)
    Plant delivery     34,600-34,900       34,900-35,200          --

    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 – 34,800, Jalna – 34,800, Nandurbar – 35,000, 
    Latur – 35,000, Nanded – 34,800, Solapur – 35,200, Sangli – 35,900.
        
    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.             1,900-2,024
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         738            740
    Soyoil solvent crushing plant delivery         697            701    
    Cottonseed refined                             705            710
    Cottonseed solvent                             670            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)                         1,830          1,850
    Coconut KP oil (for 15 kg)                     3,080          3,100

    AMRAVATI
    Soyoil refined                                 736            740
    Soyoil Solvent                                 696            700
    Cottonseed refined                             705            710
    Cottonseed solvent                             670            675

    AKOLA
    Soyoil refined                                 736            739
    Soyoil Solvent                                 696            700        
    Cottonseed refined oil                         705          710 
    Cottonseed solvent                             670            675

    DHULIA
    Soyoil refined                                 733            733
  
    KHAMGAON
    Soyoil refined 
                                                740            742
    JALNA
    Soyoil refined 
                                                   733            735
    NANDED
    Soyoil refined                                 723            727
   
    Soyoil refined prices at other places in Maharashtra : Latur - 724, 
    Khamgaon – 738, Washim – 740, Solapur – 725, Sangli – 738.

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

WEATHER (NAGPUR)  
Maximum temp. 31.2 degree Celsius, minimum temp. 11.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 31 and 11 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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