April 9, 2018 / 8:32 AM / 16 days ago

Nagpur Soybean, Soyoil, Soymeal Open- April 09, 2018

Nagpur Soybean, Soyoil, Soymeal Open-April 9, 2018

Nagpur, April 9 (Reuters) – Soyabean oil in edible section and Linseed oil in non-edible section
today declined in Vidarbha region of Western Maharashtra on persistent selling by stockists amid
good supply from producing regions and weak trends in Madhya Pradesh oils. Sentiment turned
bearish because of release of stock from stockists. Trading activity in other edible reported
weak as no trader was in mood for any commitment because of downward trend in Malaysian palm oil
prices, according to sources.


                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, 
    Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect easy condition in Linseed oil prices here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor. 
         
   SOYABEAN
  * Soyabean prices firmed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. Fresh hike on NCDEX,
    upward trend in Madhya Pradesh soyabean prices and reported demand from South-based 
    plants also jacked up prices. 
    About 450 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    33,000-37,600       33,000-37,400         --
    (Available price)
    Market delivery    33,100-37,700       33,100-37,500          --
    (Traders price)
    Plant delivery     39,000-39,500       38,800-39,300          --

    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             500                   33,800-37,500
    Akola                  500                33,500-37,200
    Amravati               500                 33,200-37,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            33,300-37,500 
    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 – 39,200, Khamgaon – 39,300, Dhulia – 39,400, 
    Hingoli – 40,200, Jalna – 40,200, Nandurbar – 39,500, 
    Latur – 40,200, Nanded – 40,200, Solapur – 40,400, 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
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         776            779
    Soyoil solvent crushing plant delivery         736            737    
    Cottonseed refined                             750            750
    Cottonseed solvent                             730            730
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          860            860
    Linseed oil                                    880            890
    Rapeseed oil (for 15 kg)                       1,300          1,300
    Castor oil (for 15 kg)                         1,480          1,500
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 777            778
    Soyoil Solvent                                 737            738
    Cottonseed refined                             750            750
    Cottonseed solvent                             720            720

    AKOLA
    Soyoil refined                                 777            778
    Soyoil Solvent                                 738            740        
    Cottonseed refined oil                         760          760 
    Cottonseed solvent                             735            735

    DHULIA
    Soyoil refined                                 779            782
  
    AURANGABAD
    Soyoil refined 
                                                775            777
    JALNA
    Soyoil refined 
                                                   771            773
    NANDED
    Soyoil refined                                 762            764
   
    Soyoil refined prices at other places in Maharashtra : Latur - 763, 
    Parbhani – 770, Koosnoor – 774, Solapur – 762, Sangli – 776.

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

                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  32,000-32,300      32,000-32,300
      
    Soymeal prices at other places in Maharashtra : Akola – 32,300, 
    Washim – 32,500, Dhulia – 34,000, Hingoli – 34,000, Jalna – 33,000,
    Nandurbar – 33,800, Khamgaon – 32,800, Latur – 33,500, Nanded – 33,200,
    Solapur – 33,400, Dharwad – 34,600, Sangli – 34,300

WEATHER (NAGPUR)  
Maximum temp. 34.8 degree Celsius, minimum temp. 20.2 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 35 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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