November 30, 2018 / 8:34 AM / 16 days ago

Nagpur Soybean, Soyoil, Soymeal Open- NOV 30, 2018

Nagpur Soybean, Soyoil, Soymeal Open-November 30, 2018

Nagpur, Nov 30 (Reuters) – Steady conditions persisted in major edible oils in Vidarbha region
of Western Maharashtra as oil prices hovered around previous day’s level on small bouts of
trading. Absence of buying interest and easy condition on Madhya Pradesh oil market mainly kept
prices unchanged. A majority of traders adopted wait and watch move because of weak trend in
Malaysian palm oil, sources said Friday.
    
                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, 
    Linseed, Rapeseed, Castor and Coconut KP oil ruled steady here in thin trading 
    activity. 
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL
  * Soymeal prices today quoted static here but demand was poor.

         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. No takers to soyabean 
    oil & soymeal, weak trend on NCDEX and good arrival in Madhya Pradesh soyabean mandi 
    also affected prices here. 
    About 1,600 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    30,000-33,200       30,500-33,400         --
    (Available price)
    Market delivery    30,100-33,300       30,600-33,500          --
    (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 – 34,600, Nandurbar – 35,000, 
    Latur – 35,300, Nanded – 35,300, Solapur – 35,500, 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                  7,000        1,900-2,194         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            729
    Soyoil solvent crushing plant delivery         689            689    
    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            730
    Soyoil Solvent                                 690            690
    Cottonseed refined                             680            680
    Cottonseed solvent                             645            645

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

    DHULIA
    Soyoil refined                                 727            727
  
    KHAMGAON
    Soyoil refined 
                                                732            732
    JALNA
    Soyoil refined 
                                                   728            728
    NANDED
    Soyoil refined                                 719            719
   
    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 – 29,700, Nanded – 29,500,
    Solapur – 30,000, Dharwad – 30,500, Sangli – 29,300

WEATHER (NAGPUR)  
Maximum temp. 30.4 degree Celsius, minimum temp. 12.4 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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