October 19, 2018 / 8:24 AM / in 4 months

Nagpur Soybean, Soyoil, Soymeal Open- OCT 19, 2018

Nagpur Soybean, Soyoil, Soymeal Open-October 19, 2018

Nagpur, Oct 19 (Reuters) – There was negligible change in the edible oil pattern of trading in
the Vidarbha region of Western Maharashtra today as prices hovered around last levels in absence
of any worthwhile moving factors. Restricted arrivals against sporadic demand mainly kept major
oil prices unaltered. No trader was in mood for any commitment because of weak trend in American
soya digam and Malaysian palm oil prices, according to sources.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, 
    Linseed, Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor in weak trading activity.
         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants amid good supply 
    from producing belts. Downward trend in other soyabean mandi and high moisture 
    content arrival also pushed down prices in limited deals. 
    About 3,000 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    26,000-30,500       26,000-31,000         --
    (Available price)
    Market delivery    26,100-30,600       26,100-31,100          --
    (Traders price)
    Plant delivery     32,500-32,800       32,500-33,000          --

    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 – 33,300, Washim – 33,000, Khamgaon – 32,400, Dhulia – 33,500, 
    Hingoli – 33,500, Jalna – 33,500, Nandurbar – 33,500, 
    Latur – 33,500, Nanded – 33,500, Solapur – 33,500, Sangli – 33,500.
        
    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         770            770
    Soyoil solvent crushing plant delivery         729            729    
    Cottonseed refined                             765            765
    Cottonseed solvent                             735            735
    Groundnut oil (loose)                          1,060          1,060
    Groundnut oil refined (15 Litre)               1,630          1,630
    Sunflower oil refined                          870            870
    Linseed oil                                    940            940
    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                                 769            769
    Soyoil Solvent                                 729            729
    Cottonseed refined                             765            765
    Cottonseed solvent                             735            735

    AKOLA
    Soyoil refined                                 770            770
    Soyoil Solvent                                 730            730        
    Cottonseed refined oil                         765          765 
    Cottonseed solvent                             735            735

    DHULIA
    Soyoil refined                                 765            765
  
    KHAMGAON
    Soyoil refined 
                                                765            765
    JALNA
    Soyoil refined 
                                                   765            765
    NANDED
    Soyoil refined                                 755            755
   
    Soyoil refined prices at other places in Maharashtra : Latur - 755, 
    Khamgaon – 764, Washim – 763, Solapur – 755, Sangli – 764.

    (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)                  26,500-27,000    26,500-27,000
      
    Soymeal prices at other places in Maharashtra : Akola – 27,000, 
    Washim – 27,000, Dhulia – 28,000, Hingoli – 27,000, Jalna – 27,600,
    Nandurbar – 27,200, Khamgaon – 26,500, Latur – 27,000, Nanded – 27,500,
    Solapur – 27,000, Dharwad – 27,100, Sangli – 27,300

WEATHER (NAGPUR)  
Maximum temp. 34.6 degree Celsius, minimum temp. 19.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 36 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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