November 29, 2018 / 9:13 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 29, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 29, 2018

Nagpur, Nov 29 (Reuters) – The slide in Soyabean oil prices continued unabated in Vidarbha
region of Western Maharashtra for fourth day today on persistent selling by stockists amid good
supply from producing regions and weak trends in producing belts. Sentiment turned bearish
because of 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
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect downward trend in Soyabean oil prices here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor.

         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. Weak trend on 
    NCDEX, fresh fall in Soyabean oil, no takers to soymeal and release of stock from 
    stockists 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    31,000-33,400       31,000-33,500         --
    (Available price)
    Market delivery    31,100-33,500       31,100-33,600          --
    (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 – 35,700, Jalna – 34,600, Nandurbar – 35,000, 
    Latur – 35,700, Nanded – 35,700, Solapur – 35,300, Sangli – 36,000.
        
    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.             1,900-2,172
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         729            732
    Soyoil solvent crushing plant delivery         689            692    
    Cottonseed refined                             680            680
    Cottonseed solvent                             645            645
    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                                 730            734
    Soyoil Solvent                                 690            693
    Cottonseed refined                             680            680
    Cottonseed solvent                             645            645

    AKOLA
    Soyoil refined                                 731            733
    Soyoil Solvent                                 691            693        
    Cottonseed refined oil                         680          680 
    Cottonseed solvent                             645            645

    DHULIA
    Soyoil refined                                 728            730
  
    KHAMGAON
    Soyoil refined 
                                                732            735
    JALNA
    Soyoil refined 
                                                   728            731
    NANDED
    Soyoil refined                                 719            721
   
    Soyoil refined prices at other places in Maharashtra : Latur - 719, 
    Khamgaon – 732, Washim – 733, Solapur – 718, Sangli – 731.

    (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 – 27,800, 
    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. 12.1 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 31 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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