April 12, 2018 / 7:47 AM / 15 days ago

Nagpur Soybean, Soyoil, Soymeal Open- April 12, 2018

Nagpur Soybean, Soyoil, Soymeal Open-April 12, 2018

Nagpur, April 12 (Reuters) – Barring a fall in Soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled soyabean oil prices down. Easy condition on international edible oil market
also affected sentiment, sources said Thursday.


                       *****
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 nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL

  * Soymeal prices today showed weak tendency here in absence of buyers amid increased 
    supply from crushing plants. Fresh fall in international soymeal prices also affected 
    sentiment in limited deals.
         
   SOYABEAN
  * Soyabean prices declined in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. Fresh fall in soyabean 
    oil & soymeal, weak trend on NCDEX and downward trend in Madhya Pradesh soyabean 
    prices also affected sentiment. 
    About 500 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    31,500-37,200       32,000-37,400         --
    (Available price)
    Market delivery    31,600-37,300       32,100-37,500          --
    (Traders price)
    Plant delivery     38,800-39,000       38,800-39,000          --

    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                   32,500-37,500
    Akola                  500                32,500-37,300
    Amravati               500                 32,700-37,400 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            31,800-37,300 
    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 – 39,000, Washim – 38,750, Khamgaon – 39,100, Dhulia – 39,400, 
    Hingoli – 39,800, Jalna – 39,000, Nandurbar – 39,200, 
    Latur – 39,600, Nanded – 39,600, Solapur – 39,800, Sangli – 39,000.
        
    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         774            776
    Soyoil solvent crushing plant delivery         734            736    
    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                                 774            775
    Soyoil Solvent                                 734            735
    Cottonseed refined                             748            748
    Cottonseed solvent                             718            718

    AKOLA
    Soyoil refined                                 773            775
    Soyoil Solvent                                 733            735        
    Cottonseed refined oil                         758          758 
    Cottonseed solvent                             716            716

    DHULIA
    Soyoil refined                                 770            772
  
    AURANGABAD
    Soyoil refined 
                                                773            774
    JALNA
    Soyoil refined 
                                                   774            776
    NANDED
    Soyoil refined                                 763            765
   
    Soyoil refined prices at other places in Maharashtra : Latur - 763, 
    Parbhani – 768, Koosnoor – 772, Solapur – 760, Sangli – 774.

    (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)                  32,100-32,500        32,200-32,700
      
    Soymeal prices at other places in Maharashtra : Akola – 32,200, 
    Washim – 32,600, Dhulia – 32,800, Hingoli – 33,500, Jalna – 32,700,
    Nandurbar – 32,700, Khamgaon – 31,700, Latur – 34,000, Nanded – 33,000,
    Solapur – 33,500, Dharwad – 34,000, Sangli – 34,100

WEATHER (NAGPUR)  
Maximum temp. 37.7 degree Celsius, minimum temp. 24.6 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 38 and 25 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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