April 3, 2018 / 8:09 AM / 18 days ago

Nagpur Soybean, Soyoil, Soymeal Open- April 03, 2018

Nagpur Soybean, Soyoil, Soymeal Open-April 3, 2018

Nagpur, April 3 (Reuters) – Quiet conditions developed in the major oil in the Vidarbha region
of Western Maharastra following ample supply against scattered deals. Buying activity declined
at existing historic high levels as no trader was in mood for any commitment. Fresh fall in
Malaysian palm oil and weak trend on NCDEX also affected sentiment, sources said Tuesday.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Rapeseed, 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 but demand was poor. Fresh fall in 
    international soymeal prices also affected price. 
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. No takers to soyabean oil 
    & soymeal, easy condition in Madhya Pradesh soyabean prices and release of stock from 
    stockists also affected 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    32,300-37,500       32,700-37,500         --
    (Available price)
    Market delivery    32,400-37,600       32,800-37,600          --
    (Traders price)
    Plant delivery     38,500-39,000       38,500-39,000          --

    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             500                   33,000-37,400
    Akola                  500                32,800-37,700
    Amravati               500                 32,200-37,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,900-37,300 
    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 – 39,500, Washim – 39,500, Khamgaon – 40,300, Dhulia – 39,400, 
    Hingoli – 40,000, Jalna – 40,200, Nandurbar – 40,500, 
    Latur – 40,000, Nanded – 38,500, Solapur – 41,000, Sangli – 39,500.
        
    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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         782            782
    Soyoil solvent crushing plant delivery         742            742    
    Cottonseed refined                             755            755
    Cottonseed solvent                             735            735
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          850            850
    Linseed oil                                    890            890
    Rapeseed oil (for 15 kg)                       1,300          1,300
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     3,470          3,470

    AMRAVATI
    Soyoil refined                                 784            784
    Soyoil Solvent                                 744            742
    Cottonseed refined                             755            755
    Cottonseed solvent                             725            725

    AKOLA
    Soyoil refined                                 785            785
    Soyoil Solvent                                 744            744        
    Cottonseed refined oil                         765          765 
    Cottonseed solvent                             740            740

    DHULIA
    Soyoil refined                                 783            783
  
    AURANGABAD
    Soyoil refined 
                                                782            782
    JALNA
    Soyoil refined 
                                                   775            775
    NANDED
    Soyoil refined                                 768            768
   
    Soyoil refined prices at other places in Maharashtra : Latur - 768, 
    Parbhani – 777, Koosnoor – 778, Solapur – 768, Sangli – 784.

    (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)                  32,500-33,500      32,500-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 33,000, 
    Washim – 33,500, Dhulia – 33,800, Hingoli – 34,000, Jalna – 33,000,
    Nandurbar – 33,200, Khamgaon – 32,500, Latur – 34,200, Nanded – 33,200,
    Solapur – 33,700, Dharwad – 34,300, Sangli – 34,300

WEATHER (NAGPUR)  
Maximum temp. 39.8 degree Celsius, minimum temp. 20.1 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 40 and 20
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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