October 3, 2018 / 9:20 AM / in 2 months

Nagpur Soybean, Soyoil, Soymeal Open- OCT 03, 2018

Nagpur Soybean, Soyoil, Soymeal Open-October 3, 2018

Nagpur, Oct 3 (Reuters) – Soyabean oil prices today recovered in Vidarbha region of western
Maharashtraon increased seasonal demand from local traders. Healthy rise on NCDEX, good recovery
in American soya digam and Malaysian palm oil and good recovery in Madhya Pradesh soyabean
prices also boosted sentiment, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, Linseed, 
    Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect fresh rise in Soyabean oil here.
    
   SOYMEAL
  * Soymeal prices today declined sharply here on poor demand from local traders amid 
    release of stock from stockist.
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants amid high moisture 
    content arrival. Sharp fall in soymeal, downward trend on NCDEX and weak trend in 
    Madhya Pradesh soyabean also affected sentiment.
    About 4,000 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    26,000-29,800       27,000-31,000         --
    (Available price)
    Market delivery    26,100-29,900       27,100-31,100          --
    (Traders price)
    Plant delivery     30,500-31,000       30,500-31,000          --

    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 – 31,400, Washim – 31,300, Khamgaon – 31,500, Dhulia – 31,700, 
    Hingoli – 31,500, Jalna – 31,900, Nandurbar – 32,500, 
    Latur – 31,500, Nanded – 31,500, Solapur – 31,500, Sangli – 31,700.
        
    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.             1,100-1,300
    Dhan                  n.a.            n.a.             2,100-2,441
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         755            754
    Soyoil solvent crushing plant delivery         715            714    
    Cottonseed refined                             760            760
    Cottonseed solvent                             730            730
    Groundnut oil (loose)                          1,060          1,060
    Groundnut oil refined (15 Litre)               1,630          1,630
    Sunflower oil refined                          870            870
    Linseed oil                                    950            950
    Rapeseed oil (for 15 kg)                       1,340          1,340
    Castor oil (for 15 kg)                         1,540          1,540
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 753            751
    Soyoil Solvent                                 711            718
    Cottonseed refined                             755            755
    Cottonseed solvent                             725            725

    AKOLA
    Soyoil refined                                 753            750
    Soyoil Solvent                                 713            712        
    Cottonseed refined oil                         755          760 
    Cottonseed solvent                             725            730

    DHULIA
    Soyoil refined                                 748            746
  
    KHAMGAON
    Soyoil refined 
                                                756            754
    JALNA
    Soyoil refined 
                                                   754            753
    NANDED
    Soyoil refined                                 749            748
   
    Soyoil refined prices at other places in Maharashtra : Latur - 744, 
    Khamgaon – 753, Washim – 753, Solapur – 748, Sangli – 750.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.)                    
   
                                 
Nagpur soymeal prices in rupees per tonne

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  26,800-27,200    27,000-27,500
      
    Soymeal prices at other places in Maharashtra : Akola – 27,000, 
    Washim – 27,200, Dhulia – 27,700, Hingoli – 27,800, Jalna – 28,000,
    Nandurbar – 28,000, Khamgaon – 25,600, Latur – 27,300, Nanded – 27,200,
    Solapur – 27,700, Dharwad – 26,700, Sangli – 25,700

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.

WEATHER (NAGPUR)  
Maximum temp. 35.0 degree Celsius, minimum temp. 21.1 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 36 and 21
degree Celsius respectively.

  
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