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.
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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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