October 29, 2018 / 11:34 AM / 21 days ago

Nagpur Soybean, Soyoil, Soymeal Open- OCT 29, 2018

Nagpur Soybean, Soyoil, Soymeal Open-October 29, 2018

Nagpur, Oct 29 (Reuters) – Barring a marginal rise in Soyabean oil, major edible oil prices
today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Notable rise in demand from millers and retailers against
inadequate stocks mainly pushed Soyabean oil prices up. Fresh hike on NCDEX and strong rally on
international edible oil market also boosted sentiment, sources said Monday.
.


                       *****
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 steady condition in major edible oils here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here on lack of demand from local traders amid 
    ample stock in ready position.
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants amid weak supply 
    from producing belts. Fresh rise in soyabean oil, upward trend in Madhya Pradesh 
    soyabean prices, good recovery on NCDEX and reported demand from South-based plants 
    also helped to push up prices. 
    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    28,000-31,650       28,000-31,500         --
    (Available price)
    Market delivery    28,100-31,750       28,100-31,600          --
    (Traders price)
    Plant delivery     32,800-33,300       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 – 33,100, Washim – 33,300, Khamgaon – 33,400, Dhulia – 33,200, 
    Hingoli – 33,800, Jalna – 33,800, Nandurbar – 33,200, 
    Latur – 34,000, Nanded – 33,800, Solapur – 34,300, Sangli – 34,000.
        
    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         767            765
    Soyoil solvent crushing plant delivery         727            725    
    Cottonseed refined                             755            755
    Cottonseed solvent                             725            725
    Groundnut oil (loose)                          1,070          1,070
    Groundnut oil refined (15 Litre)               1,640          1,640
    Sunflower oil refined                          865            865
    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                                 767            766
    Soyoil Solvent                                 728            728
    Cottonseed refined                             750            750
    Cottonseed solvent                             725            720

    AKOLA
    Soyoil refined                                 767            765
    Soyoil Solvent                                 728            731        
    Cottonseed refined oil                         750          750 
    Cottonseed solvent                             720            720

    DHULIA
    Soyoil refined                                 773            772
  
    KHAMGAON
    Soyoil refined 
                                                764            762
    JALNA
    Soyoil refined 
                                                   771            770
    NANDED
    Soyoil refined                                 752            750
   
    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 – 27,600, Hingoli – 26,300, Jalna – 27,300,
    Nandurbar – 26,200, Khamgaon – 25,500, Latur – 27,800, Nanded – 26,500,
    Solapur – 27,500, Dharwad – 26,000, Sangli – 27,000

WEATHER (NAGPUR)  
Maximum temp. 32.5 degree Celsius, minimum temp. 14.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 14 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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