November 28, 2018 / 8:36 AM / 19 days ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 28, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 28, 2018

Nagpur, Nov 28 (Reuters) – Soyabean and Cottonseed oil today drifted in Vidarbha region of
Western Maharashtra on stockists selling, driven by higher imports amid weak trend in producing
belts. Fall in demand from millers and retailers also put pressure on Soyabean and Cottonseed
oil. Besides, sufficient stocks and easy condition in Madhya Pradesh soyabean oil also affected
sentiment in thin trading activity, sources said Wednesday..

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, Linseed, Rapeseed, 
    Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further fall 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 showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Further fall in soyabean 
    oil, no takers to soymeal and weak trend in in Madhya Pradesh soyabean oil prices 
    also pulled down prices here in thin trading activity. 
    About 1,700 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    31,000-33,200       31,000-33,600         --
    (Available price)
    Market delivery    31,100-33,300       31,100-33,700          --
    (Traders price)
    Plant delivery     34,600-34,900       34,600-34,900          --

    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 – 35,000, Washim – 35,100, Khamgaon – 35,200, Dhulia – 35,500, 
    Hingoli – 35,300, Jalna – 34,800, Nandurbar – 35,000, 
    Latur – 35,400, Nanded – 35,300, Solapur – 35,500, 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                  7,000        1,900-2,172         1,900-2,024
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         732            735
    Soyoil solvent crushing plant delivery         692            697    
    Cottonseed refined                             680            685
    Cottonseed solvent                             645            650
    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          1,830
    Coconut KP oil (for 15 kg)                     3,080          3,080

    AMRAVATI
    Soyoil refined                                 733            736
    Soyoil Solvent                                 693            696
    Cottonseed refined                             680            685
    Cottonseed solvent                             645            650

    AKOLA
    Soyoil refined                                 733            736
    Soyoil Solvent                                 693            696        
    Cottonseed refined oil                         680          685 
    Cottonseed solvent                             645            650

    DHULIA
    Soyoil refined                                 730            733
  
    KHAMGAON
    Soyoil refined 
                                                736            740
    JALNA
    Soyoil refined 
                                                   730            733
    NANDED
    Soyoil refined                                 720            723
   
    Soyoil refined prices at other places in Maharashtra : Latur - 720, 
    Khamgaon – 735, Washim – 737, Solapur – 720, Sangli – 734.

    (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 – 30,400,
    Nandurbar – 28,800, Khamgaon – 27,700, Latur – 30,000, Nanded – 29,500,
    Solapur – 30,000, Dharwad – 30,500, Sangli – 29,800

WEATHER (NAGPUR)  
Maximum temp. 31.0 degree Celsius, minimum temp. 11.3 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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