October 30, 2018 / 8:12 AM / 8 months ago

Nagpur Soybean, Soyoil, Soymeal Open- OCT 30, 2018

Nagpur Soybean, Soyoil, Soymeal Open-October 30, 2018

Nagpur, Oct 30 (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
Malaysian palm oil, downward trend in soya digam prices and easy condition in Madhya Pradesh
soyabean oil, 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 steady condition in major edible oils here.
    
   SOYMEAL
  * Soymeal prices today quoted static here but demand was poor.

    SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased seasonal demand from local crushing plants amid weak 
    supply from producing belts. Healthy rise on NCDEX, upward trend in Madhya Pradesh 
    soyabean prices and enquiries from South-based plants also jacked up prices. 
    About 4,000 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    28,000-32,000       28,000-31,700         --
    (Available price)
    Market delivery    28,100-32,100       28,100-31,800          --
    (Traders price)
    Plant delivery     32,800-33,300       32,800-33,300          --

    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 – 33,700, Washim – 33,250, Khamgaon – 33,400, Dhulia – 33,200, 
    Hingoli – 34,100, Jalna – 33,800, Nandurbar – 33,200, 
    Latur – 34,200, Nanded – 34,100, Solapur – 34,300, Sangli – 35,000.
        
    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            767
    Soyoil solvent crushing plant delivery         727            727    
    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                                 766            766
    Soyoil Solvent                                 726            726
    Cottonseed refined                             750            750
    Cottonseed solvent                             725            720

    AKOLA
    Soyoil refined                                 766            766
    Soyoil Solvent                                 726            726        
    Cottonseed refined oil                         750          750 
    Cottonseed solvent                             720            720

    DHULIA
    Soyoil refined                                 772            772
  
    KHAMGAON
    Soyoil refined 
                                                763            762
    JALNA
    Soyoil refined 
                                                   771            771
    NANDED
    Soyoil refined                                 752            752
   
    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 – 26,300, 
    Washim – 26,800, Dhulia – 27,500, Hingoli – 26,300, Jalna – 27,300,
    Nandurbar – 26,200, Khamgaon – 26,200, Latur – 28,000, Nanded – 26,500,
    Solapur – 27,500, Dharwad – 26,000, Sangli – 27,000

WEATHER (NAGPUR)  
Maximum temp. 31.8 degree Celsius, minimum temp. 14.9 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 15 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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