Nagpur Soybean, Soyoil, Soymeal Open-April 13, 2018
Nagpur, April 13 (Reuters) – Linseed, Rapeseed and & Castor oil in non-edible section, declined
sharply in Vidarbha region of Western Maharashtra today on persistent selling by stockists amid
good supply from producing regions and weak trends in Madhya Pradesh non-edible oils. Sentiment
turned bearish because of release of stock from stockists. Trading activity in other edible
reported weak as traders adopted wait and watch move, according to sources.
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VIDARBHA MARKETS
OILS
* Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined and
Coconut KP oil ruled steady here in thin trading activity.
* Traders expect further fall in Linseed and Castor oil here.
SOYMEAL
* Soymeal prices today ruled steady here but demand was poor.
SOYABEAN
* Soyabean prices showed firm tendency in Nagpur Agriculture Produce Marketing
Committee (APMC) on increased demand from local crushing plants amid weak supply from
producing regions. Fresh rise on NCDEX, upward trend in Madhya Pradesh soyabean
prices and reported demand from South-based plants also jacked up prices.
About 400 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 32,000-37,400 31,700-37,200 --
(Available price)
Market delivery 32,600-37,500 31,800-37,300 --
(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 32,200-37,500
Akola 500 32,500-37,200
Amravati 500 32,700-37,400
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 – 38,750, Khamgaon – 38,000, Dhulia – 39,400,
Hingoli – 39,700, Jalna – 38,700, Nandurbar – 39,200,
Latur – 39,500, Nanded – 39,500, 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 773 773
Soyoil solvent crushing plant delivery 733 733
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 860 870
Rapeseed oil (for 15 kg) 1,290 1,300
Castor oil (for 15 kg) 1,470 1,480
Coconut KP oil (for 15 kg) 3,500 3,500
AMRAVATI
Soyoil refined 775 775
Soyoil Solvent 732 732
Cottonseed refined 748 748
Cottonseed solvent 718 718
AKOLA
Soyoil refined 773 773
Soyoil Solvent 733 733
Cottonseed refined oil 758 758
Cottonseed solvent 716 716
DHULIA
Soyoil refined 770 770
AURANGABAD
Soyoil refined
773 773
JALNA
Soyoil refined
774 774
NANDED
Soyoil refined 763 763
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
Friday’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 – 32,600, Dhulia – 33,200, Hingoli – 33,500, Jalna – 32,700,
Nandurbar – 33,000, Khamgaon – 31,700, Latur – 34,000, Nanded – 33,000,
Solapur – 33,500, Dharwad – 34,500, Sangli – 34,000
WEATHER (NAGPUR)
Maximum temp. 38.9 degree Celsius, minimum temp. 24.5 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 39 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.
ATTN: Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil market in Vidarbha will
be closed tomorrow, Saturday, on the occasion of Ambedkar Jayanti.