Nagpur Soybean, Soyoil, Soymeal Open-November 4, 2018
Nagpur, Nov 4 (Reuters) – Soyabean, cottonseed and sunflower oil prices reported higher in
Vidarbha region of Western Maharashtra on scattered buying by Vanaspati millers influenced by a
firming global trend. Trading sentiment turned better as palm oil futures gained as exports from
Malaysia, the second largest grower, rose handsomely. Sharp hike on NCDEX, notble rise in Madhya
Pradesh edible oils and reported demand from South-based traders also boosted prices, sources
said Monday.
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VIDARBHA MARKETS
OILS
* Groundnut loose, groundnut refined, linseed, rapeseed, castor and coconut KP oil
ruled steady here in sluggish trading activity.
* Traders expect further rise in soyabean and cottonseed oil here.
SOYMEAL
* Soymeal prices today ruled steady here but demand was poor.
SOYABEAN
* Soyabean prices moved down in Nagpur Agriculture Produce Marketing
Committee (APMC) on poor demand from local crushing plants amid high moisture content
arrival. No takers to soymeal, downward trend in Madhya Pradesh soyabean prices and
release of stock from stockists also pulled down prices in limited deals.
About 4,000 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 30,000-36,500 30,500-36,500 --
(Available price)
Market delivery 30,100-36,600 30,600-36,600 --
(Traders price)
Plant delivery 38,500-38,750 38,000-38,750 --
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 – 39,000, Washim – 38,900, Khamgaon – 39,000, Dhulia – 40,600,
Hingoli – 39,200, Jalna – 39,000, Nandurbar – 40,000,
Latur – 39,000, Nanded – 38,700, Solapur – 39,200, Sangli – 40,000.
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. 2,100-2,300
Dhan n.a. n.a. 1,900-2,150
Cotton n.a. n.a. 4,300-4,600
NAGPUR
Today’s open Previous close
Soyoil refined crushing plant delivery 791 787
Soyoil solvent crushing plant delivery 751 747
Cottonseed refined 805 800
Cottonseed solvent 765 760
Groundnut oil – loose (10 kg) 1,250 1,250
Groundnut oil refined (15 Litre) 1,840 1,840
Sunflower oil refined (10 kg) 940 930
Linseed oil (10 kg) 860 860
Rapeseed oil (for 15 kg) 1,360 1,360
Castor oil (for 15 kg) 1,680 1,700
Coconut KP oil (for 15 kg) 3,060 3,060
AMRAVATI
Soyoil refined 785 783
Soyoil Solvent 745 742
Cottonseed refined 802 800
Cottonseed solvent 760 755
AKOLA
Soyoil refined 792 782
Soyoil Solvent 752 742
Cottonseed refined oil 800 795
Cottonseed solvent 760 758
DHULIA
Soyoil refined 787 784
KHAMGAON
Soyoil refined
769 764
JALNA
Soyoil refined
786 782
NANDED
Soyoil refined 775 771
Soyoil refined prices at other places in Maharashtra : Latur - 773,
Khamgaon – 785, Washim – 779, Solapur – 775, Sangli – 785.
(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) 33,000-33,500 33,000-33,500
Soymeal prices at other places in Maharashtra : Akola – 33,100,
Washim – 33,300, Dhulia – 33,700, Hingoli – 33,800, Jalna – 33,800,
Nandurbar – 33,300, Khamgaon – 32,300, Latur – 34,000, Nanded – 34,200,
Solapur – 33,500, Dharwad – 33,500, Sangli – 33,800
WEATHER (NAGPUR)
Maximum temp. 33.8 degree Celsius, minimum temp. 20.7 degree Celsius
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 34 degree
Celsius and 21 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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