April 6, 2018 / 9:03 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 06, 2018

Nagpur Soybean, Soyoil, Soymeal Open-April 6, 2018

Nagpur, April 6 (Reuters) – Soyabean and Cottonseed oil today suffered heavily in Vidarbha
region of Western Maharashtra on stockists selling, driven by higher imports. Besides,
sufficient stocks, sharp fall on NCDEX and easy condition in Madhya Pradesh soyabean oil also
affected sentiment in thin trading activity, sources said Friday.


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

  * Soymeal prices today ruled steady here but demand was poor. 
         
   SOYABEAN
  * Soyabean prices recovered in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. Fresh rise in Madhya 
    Pradesh soyabean prices and reported demand 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    34,000-37,650       33,500-37,500         --
    (Available price)
    Market delivery    34,100-37,750       33,600-37,600          --
    (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                   33,800-37,300
    Akola                  500                33,500-37,200
    Amravati               500                 34,000-37,400 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            33,500-37,700 
    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 – 39,800, Jalna – 40,200, Nandurbar – 39,500, 
    Latur – 39,800, Nanded – 39,800, Solapur – 39,800, 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
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         777            782
    Soyoil solvent crushing plant delivery         737            742    
    Cottonseed refined                             750            755
    Cottonseed solvent                             730            735
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          860            860
    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          3,500

    AMRAVATI
    Soyoil refined                                 778            783
    Soyoil Solvent                                 738            743
    Cottonseed refined                             750            755
    Cottonseed solvent                             720            725

    AKOLA
    Soyoil refined                                 778            784
    Soyoil Solvent                                 740            744        
    Cottonseed refined oil                         760          765 
    Cottonseed solvent                             735            740

    DHULIA
    Soyoil refined                                 776            780
  
    AURANGABAD
    Soyoil refined 
                                                776            780
    JALNA
    Soyoil refined 
                                                   772            775
    NANDED
    Soyoil refined                                 764            768
   
    Soyoil refined prices at other places in Maharashtra : Latur - 764, 
    Parbhani – 772, Koosnoor – 776, Solapur – 764, Sangli – 778.

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

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

WEATHER (NAGPUR)  
Maximum temp. 40.6 degree Celsius, minimum temp. 22.9 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 23 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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