May 29, 2018 / 8:28 AM / in 3 months

Nagpur Foodgrain Prices Open- May 29, 2018

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

Nagpur, May 29 (Reuters) – In range-bound trade, major edible oil prices remained unchanged at
the Vidarbha region of Western Maharashtra today in the absence of worthwhile activity. Arrivals
and offtake too remained at a low ebb and volume of business poor. Absence of demand from
millers mainly kept major oil prices unchanged. No trader was in mood for any commitment,
adopting `wait and watch’ move because of downward trend in American soya digam prices,
according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor in thin trading activity.
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply from 
    producing regions. Fresh rise in Madhya Pradesh soyabean prices and enquiries from 
    South-based plants also helped to push up prices. 
    About 300 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    32,000-36,500       31,700-36,200         --
    (Available price)
    Market delivery    32,100-36,600       31,800-36,300          --
    (Traders price)
    Plant delivery     38,000-38,300       38,000-38,300          --

    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             200                   32,000-35,900
    Akola                  200                31,800-35,900
    Amravati               200                 31,600-36,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            31,600-36,400 
    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 – 38,200, Khamgaon – 38,000, Dhulia – 38,200, 
    Hingoli – 38,400, Jalna – 38,300, Nandurbar – 38,000, 
    Latur – 38,100, Nanded – 38,400, Solapur – 38,400, Sangli – 38,400.
        
    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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         755            755
    Soyoil solvent crushing plant delivery         715            715    
    Cottonseed refined                             740            735
    Cottonseed solvent                             720            715
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          840            840
    Linseed oil                                    820            820
    Rapeseed oil (for 15 kg)                       1,310          1,310
    Castor oil (for 15 kg)                         1,420          1,420
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 759            759
    Soyoil Solvent                                 719            719
    Cottonseed refined                             742            742
    Cottonseed solvent                             712            712

    AKOLA
    Soyoil refined                                 760            760
    Soyoil Solvent                                 720            720        
    Cottonseed refined oil                         753          753 
    Cottonseed solvent                             723            723

    DHULIA
    Soyoil refined                                 759            759
  
    AURANGABAD
    Soyoil refined 
                                                760            760
    JALNA
    Soyoil refined 
                                                   762            762
    NANDED
    Soyoil refined                                 745            745
   
    Soyoil refined prices at other places in Maharashtra : Latur - 745, 
    Parbhani – 761, Koosnoor – 759, Solapur – 745, Sangli – 760.

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

                  Tuesday’s open     Previous Close
    Soymeal (Nagpur)                  31,000-31,500      31,000-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 30,500, 
    Washim – 31,500, Dhulia – 31,600, Hingoli – 31,900, Jalna – 32,000,
    Nandurbar – 31,400, Khamgaon – 30,100, Latur – 32,000, Nanded – 32,200,
    Solapur – 32,000, Dharwad – 32,100, Sangli – 32,700

WEATHER (NAGPUR)  
Maximum temp. 44.4 degree Celsius, minimum temp. 29.5 degree Celsius 
Rainfall : nil
FORECAST: Heat wave likely. Maximum and minimum temperature would be around and 44 and 29 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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