October 11, 2018 / 8:16 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- OCT 11, 2018

Nagpur Soybean, Soyoil, Soymeal Open-October 11, 2018

Nagpur, Oct 11 (Reuters) – Barring a fall in Linseed oil in non-edible section, major edible oil
prices today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence
of any worthwhile trading activity. Slackness in demand from millers and retailers against
adequate stocks mainly pulled Linseed oil prices down. Easy condition in international edible
oils also affected sentiment, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, 
    Castor and Coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from South-based traders 
    amid ample stock in ready position. Fresh fall in international soymeal prices also 
    affected sentiment.
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid tight supply 
    from producing belts. Upward trend in Madhya Pradesh soyabean prices and enquiries 
    from South-based plants also jacked up prices. 
    About 6,000 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    25,000-29,800       25,000-29,500         --
    (Available price)
    Market delivery    25,100-29,900       25,100-29,600          --
    (Traders price)
    Plant delivery     31,500-31,800       31,500-31,800          --

    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 – 32,200, Washim – 31,750, Khamgaon – 31,500, Dhulia – 32,500, 
    Hingoli – 32,000, Jalna – 31,800, Nandurbar – 32,500, 
    Latur – 32,000, Nanded – 32,000, Solapur – 32,000, Sangli – 31,000.
        
    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.             1,100-1,300
    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         754            754
    Soyoil solvent crushing plant delivery         714            714    
    Cottonseed refined                             757            757
    Cottonseed solvent                             727            727
    Groundnut oil (loose)                          1,060          1,060
    Groundnut oil refined (15 Litre)               1,630          1,630
    Sunflower oil refined                          870            870
    Linseed oil                                    940            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                                 755            755
    Soyoil Solvent                                 715            715
    Cottonseed refined                             755            755
    Cottonseed solvent                             725            725

    AKOLA
    Soyoil refined                                 755            757
    Soyoil Solvent                                 715            717        
    Cottonseed refined oil                         755          755 
    Cottonseed solvent                             725            725

    DHULIA
    Soyoil refined                                 745            745
  
    KHAMGAON
    Soyoil refined 
                                                   750            750
    JALNA
    Soyoil refined 
                                                   749            749
    NANDED
    Soyoil refined                                 745            745
   
    Soyoil refined prices at other places in Maharashtra : Latur - 745, 
    Khamgaon – 749, Washim – 749, Solapur – 745, 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)                26,000-26,500    26,000-26,500
      
    Soymeal prices at other places in Maharashtra : Akola – 26,000, 
    Washim – 27,000, Dhulia – 27,200, Hingoli – 26,200, Jalna – 27,000,
    Nandurbar – 27,000, Khamgaon – 25,200, Latur – 26,500, Nanded – 26,000,
    Solapur – 27,000, Dharwad – 26,700, Sangli – 26,500

WEATHER (NAGPUR)  
Maximum temp. 34.0 degree Celsius, minimum temp. 19.1 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 34 and 19
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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