October 18, 2019 / 8:31 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- October 18, 2019

Nagpur Soybean, Soyoil, Soymeal Open-October 18, 2018

Nagpur, Oct 18 (Reuters) – Steady conditions persisted in major edible oils in Vidarbha region
of Western Maharashtra as oil prices hovered around previous day’s level on small bouts of
trading. Absence of buying interest and easy condition on Madhya Pradesh oil market mainly kept
prices unchanged. A majority of traders adopted wait and watch move because of weak trend in
American soya digam prices, sources said Friday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed,
    rapeseed, castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils here.   
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from local traders. Good 
    recovery in international soymeal prices also affected sentiment.
                                         
   SOYABEAN
  * Soyabean prices showed upward tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants. Fresh rise in Madhya 
    Pradesh soyabean prices and reported demand from South-based plants also boosted 
    prices. 
    About 4,000 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    28,000-34,250       27,700-34,100         --
    (Available price)
    Market delivery    28,100-34,350       27,800-34,200          --
    (Traders price)
    Plant delivery     37,200-37,500       32,200-37,500          --

    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 – 38,000, Washim – 37,000, Khamgaon – 37,200, Dhulia – 38,500, 
    Hingoli – 37,800, Jalna – 36,500, Nandurbar – 37,800, 
    Latur – 37,800, Nanded – 37,800, Solapur – 37,500, Sangli – 37,000.
        
    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.             2,100-2,300
    Dhan                  n.a.            n.a.             1,900-2,150
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         765            765
    Soyoil solvent crushing plant delivery         725            725    
    Cottonseed refined                             780            780
    Cottonseed solvent                             740            740
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  930            930
    Linseed oil (10 kg)                            850            850
    Rapeseed oil (for 15 kg)                       1,300          1,300
    Castor oil (for 15 kg)                         1,730          1,730
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 768            768
    Soyoil Solvent                                 728            728
    Cottonseed refined                             810            810
    Cottonseed solvent                             770            770

    AKOLA
    Soyoil refined                                 768            760
    Soyoil Solvent                                 728            720        
    Cottonseed refined oil                         810          810 
    Cottonseed solvent                             770            770

    DHULIA
    Soyoil refined                                 767            767
  
    KHAMGAON
    Soyoil refined 
                                                770            770
    JALNA
    Soyoil refined 
                                                   769            769
    NANDED
    Soyoil refined                                 750            750
   
    Soyoil refined prices at other places in Maharashtra : Latur - 756, 
    Khamgaon – 764, Washim – 762, Solapur – 765, Sangli – 765.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.
     Soyabean and Cottonseed oil - 10 litre)                        
                                 
Nagpur soymeal prices in rupees per tonne

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  35,000-35,500    35,000-35,500
      
    Soymeal prices at other places in Maharashtra : Akola – 36,500, 
    Washim – 33,300, Dhulia – 35,700, Hingoli – 36,000, Jalna – 35,000,
    Nandurbar – 35,700, Khamgaon – 32,500, Latur – 34,200, Nanded – 34,100,
    Solapur – 35,100, Dharwad – 35,200, Sangli – 35,500

WEATHER (NAGPUR)  
Maximum temp. 32.6 degree Celsius, minimum temp. 20.7 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 32 degree Celsius and 21 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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