October 25, 2018 / 10:34 AM / 8 months ago

Nagpur Soybean, Soyoil, Soymeal Open- OCT 25, 2018

Nagpur Soybean, Soyoil, Soymeal Open-October 25, 2018

Nagpur, Oct 25 (Reuters) – Soyabean oil today suffered heavily in Vidarbha region of Western
Maharashtra on stockists selling looking towards month ending, driven by higher imports amid
weak global cues. Fall in demand from millers and retailers also put pressure on soyabean oil.
Besides, sufficient stocks, sharp fall on NCDEX and easy condition in Madhya Pradesh soyabean
oil also affected sentiment in thin trading activity, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed,
    Linseed, Castor and Coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect easy condition in soyabean oil here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here on poor buying support. Further fall in 
    international soymeal prices also affected sentiment in weak trading activity. 

         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants amid poor quality 
    arrival. Fresh fall in soyabean oil, no takers to soymeal, downward trend in Madhya 
    Pradesh soyabean prices and weak trend on NCDEX also pulled down prices here. 
    About 5,000 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    26,500-30,800       27,000-30,800         --
    (Available price)
    Market delivery    26,600-30,900       27,100-30,900          --
    (Traders price)
    Plant delivery     31,900-32,500       31,900-32,500          --

    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 – 32,100, Washim – 32,300, Khamgaon – 32,400, Dhulia – 33,200, 
    Hingoli – 33,300, Jalna – 32,800, Nandurbar – 32,200, 
    Latur – 33,500, Nanded – 33,300, 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         767            771
    Soyoil solvent crushing plant delivery         727            731    
    Cottonseed refined                             755            760
    Cottonseed solvent                             725            730
    Groundnut oil (loose)                          1,070          1,070
    Groundnut oil refined (15 Litre)               1,640          1,640
    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                                 768            770
    Soyoil Solvent                                 728            730
    Cottonseed refined                             755            755
    Cottonseed solvent                             720            725

    AKOLA
    Soyoil refined                                 768            771
    Soyoil Solvent                                 728            731        
    Cottonseed refined oil                         750          755 
    Cottonseed solvent                             720            725

    DHULIA
    Soyoil refined                                 768            772
  
    KHAMGAON
    Soyoil refined 
                                                764            765
    JALNA
    Soyoil refined 
                                                   771            774
    NANDED
    Soyoil refined                                 752            755
   
    Soyoil refined prices at other places in Maharashtra : Latur - 752, 
    Khamgaon – 761, Washim – 762, Solapur – 752, Sangli – 762.

    (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)                  26,200-26,500    26,200-26,500
      
    Soymeal prices at other places in Maharashtra : Akola – 26,200, 
    Washim – 26,800, Dhulia – 27,200, Hingoli – 26,300, Jalna – 27,300,
    Nandurbar – 26,200, Khamgaon – 25,500, Latur – 26,800, Nanded – 26,500,
    Solapur – 27,200, Dharwad – 26,000, Sangli – 27,000

WEATHER (NAGPUR)  
Maximum temp. 34.5 degree Celsius, minimum temp. 16.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 35 and 16 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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