October 31, 2018 / 9:40 AM / 21 days ago

Nagpur Soybean, Soyoil, Soymeal Open- OCT 31, 2018

Nagpur Soybean, Soyoil, Soymeal Open-October 31, 2018

Nagpur, Oct 31 (Reuters) – Major edible oil prices today strongly recovered in Vidarbha region
of Western Maharashtra on increased offtake by vanaspati millers for festival season amid a
firming global trend. Buying activity in edible oils picked up as soya digam oil climbed in
overseas markets. Healthy rise on NCDEX and enquiries from South-based traders also helped to
push up prices, sources said Wednesday.

                       *****
VIDARBHA MARKETS

    OILS

  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined and 
    Linseed oil today firmed up here on renewed seasonal demand from local traders amid 
    weak supply from crushing plants.
  * Rapeseed, Castor and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect further rise in major edible oils here.
    
   SOYMEAL

  * Soymeal prices today shot up here on increased demand from South-based traders amid 
    tight supply from local crushing plants.
    
     
   SOYABEAN

  * Soyabean prices zoomed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants amid weak 
    supply from producing belts. Sharp rise in soymeal & soya oil, good recovery on NCDEX, 
    upward trend in Madhya Pradesh soyabean prices and reported demand from South-based 
    plants also boosted 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    29,000-33,000       28,400-32,500         --
    (Available price)
    Market delivery    29,100-33,100       28,500-32,600          --
    (Traders price)
    Plant delivery     33,200-33,700       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 – 35,500.
        
    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         771            767
    Soyoil solvent crushing plant delivery         731            727    
    Cottonseed refined                             760            755
    Cottonseed solvent                             730            725
    Groundnut oil (loose)                          1,080          1,070
    Groundnut oil refined (15 Litre)               1,650          1,640
    Sunflower oil refined                          880            865
    Linseed oil                                    950            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                                 770            766
    Soyoil Solvent                                 730            726
    Cottonseed refined                             755            750
    Cottonseed solvent                             730            720

    AKOLA
    Soyoil refined                                 771            766
    Soyoil Solvent                                 731            726        
    Cottonseed refined oil                         755          750 
    Cottonseed solvent                             725            720

    DHULIA
    Soyoil refined                                 776            772
  
    KHAMGAON
    Soyoil refined 
                                                767            762
    JALNA
    Soyoil refined 
                                                   775            771
    NANDED
    Soyoil refined                                 758            754
   
    Soyoil refined prices at other places in Maharashtra : Latur - 757, 
    Khamgaon – 765, Washim – 766, Solapur – 756, Sangli – 766.

    (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)                  27,000-27,500    26,500-27,000
      
    Soymeal prices at other places in Maharashtra : Akola – 27,500, 
    Washim – 27,800, Dhulia – 28,200, Hingoli – 28,500, Jalna – 27,300,
    Nandurbar – 27,200, Khamgaon – 27,000, Latur – 28,500, Nanded – 28,300,
    Solapur – 28,200, Dharwad – 28,300, Sangli – 28,300

WEATHER (NAGPUR)  
Maximum temp. 31.2 degree Celsius, minimum temp. 16.4 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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