April 11, 2018 / 8:10 AM / 15 days ago

Nagpur Soybean, Soyoil, Soymeal Open- April 11, 2018

Nagpur Soybean, Soyoil, Soymeal Open-April 11, 2018

Nagpur, April 11 (Reuters) – Steady condition persisted in edible oils in the Vidarbha region of
Western Maharashtra today as prices moved in a tight range in lackluster trading ad settled
around previous closing. Arrivals and offtake too remained at a low ebb and business volume
remained weak. Trading activity was reported weak as no trader was in mood for any commitment
because of good recovery in American soya digam prices, sources said Wednesday.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, 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. Weak trend in 
    international soymeal prices also affected sentiment.
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. No takers to 
    soyabean oil & soymeal, downward trend in Madhya Pradesh soyabean prices and high 
    moisture content arrival also affected 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    31,500-37,300       32,000-37,500         --
    (Available price)
    Market delivery    31,600-37,400       32,100-37,600          --
    (Traders price)
    Plant delivery     38,600-39,000       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                   32,500-37,300
    Akola                  500                33,000-37,300
    Amravati               500                 33,000-37,600 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,000-37,200 
    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 – 39,000, Washim – 39,200, Khamgaon – 39,100, Dhulia – 39,400, 
    Hingoli – 39,600, Jalna – 39,000, Nandurbar – 39,500, 
    Latur – 39,600, Nanded – 39,600, Solapur – 39,600, Sangli – 39,200.
        
    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
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         776            778
    Soyoil solvent crushing plant delivery         736            738    
    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                                    870            870
    Rapeseed oil (for 15 kg)                       1,300          1,300
    Castor oil (for 15 kg)                         1,480          1,480
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 775            775
    Soyoil Solvent                                 735            735
    Cottonseed refined                             748            748
    Cottonseed solvent                             718            718

    AKOLA
    Soyoil refined                                 775            775
    Soyoil Solvent                                 735            735        
    Cottonseed refined oil                         758          758 
    Cottonseed solvent                             716            716

    DHULIA
    Soyoil refined                                 772            772
  
    AURANGABAD
    Soyoil refined 
                                                775            775
    JALNA
    Soyoil refined 
                                                   776            776
    NANDED
    Soyoil refined                                 765            765
   
    Soyoil refined prices at other places in Maharashtra : Latur - 765, 
    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

                  Wednesday’s open     Previous Close
    Soymeal (Nagpur)                  32,100-32,500        32,100-32,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,200, 
    Washim – 32,700, Dhulia – 33,200, Hingoli – 33,800, Jalna – 33,000,
    Nandurbar – 33,000, Khamgaon – 32,000, Latur – 34,300, Nanded – 33,500,
    Solapur – 34,000, Dharwad – 34,400, Sangli – 34,200

WEATHER (NAGPUR)  
Maximum temp. 38.4 degree Celsius, minimum temp. 20.8 degree Celsius 
Rainfall : 4.8 mm
FORECAST: Partly cloudy sky with one of two spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 38 and 21 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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