April 5, 2018 / 7:56 AM / in 4 months

Nagpur Soybean, Soyoil, Soymeal Open- April 05, 2018

Nagpur Soybean, Soyoil, Soymeal Open-April 5, 2018

Nagpur, April 5 (Reuters) – Sunflower and Coconut KP oil prices today strengthened in Vidarbha
region of Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in
producing regions amid weak supply. Trading activity in other edible and non-edible oils
reported weak as no trader was in mood for any commitment because of good recovery in Malaysian
palm oil and adopted wait and watch move, sources said Thursday.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Rapeseed, Linseed, Rapeseed 
    and Castor oil ruled steady here in weak trading activity. 
  * Traders expect further rise in coconut KP oil here.
    
   SOYMEAL

  * Soymeal prices today showed weak tendency here on lack of demand from South-based 
    traders. 
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. No takers to soyabean oil, 
    downward trend in soymeal, easy condition in Madhya Pradesh soyabean prices and 
    release of stock from stockists also pulled down prices here. 
    About 600 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    32,500-37,500       32,700-37,900         --
    (Available price)
    Market delivery    32,600-37,600       32,800-38,000          --
    (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                   32,800-37,200
    Akola                  500                32,500-37,200
    Amravati               500                 33,000-37,400 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,900-37,700 
    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 – 39,300, Dhulia – 39,400, 
    Hingoli – 39,600, Jalna – 40,200, Nandurbar – 39,500, 
    Latur – 39,500, Nanded – 39,600, Solapur – 39,600, 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
                              
                                Thursday’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                          860            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)                     3,500          3,470

    AMRAVATI
    Soyoil refined                                 783            783
    Soyoil Solvent                                 743            743
    Cottonseed refined                             755            755
    Cottonseed solvent                             725            725

    AKOLA
    Soyoil refined                                 784            784
    Soyoil Solvent                                 744            744        
    Cottonseed refined oil                         765          765 
    Cottonseed solvent                             740            740

    DHULIA
    Soyoil refined                                 781            782
  
    AURANGABAD
    Soyoil refined 
                                                780            780
    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

                  Thursday’s open     Previous Close
    Soymeal (Nagpur)                  32,500-33,000        32,500-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,800, 
    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. 40.9 degree Celsius, minimum temp. 22.4 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one of two spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 41 and 22 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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