April 16, 2018 / 8:34 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 16, 2018

Nagpur Soybean, Soyoil, Soymeal Open-April 16, 2018

Nagpur, April 16 (Reuters) – Soyabean oil today declined in Vidarbha region of Western
Maharashtra on stockists selling, driven by higher imports amid weak global cues. Fall in demand
from millers and retailers also put pressure on soyabean oil. Besides, sufficient stocks, sharp
fall on NCDEX and easy condition in Madhya Pradesh soyabean oil also affected sentiment in thin
trading activity, sources said Monday.


                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 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 moved down here on poor demand from South-based traders.
         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants amid high moisture content 
    arrival. Fresh fall in soyabean oil & soymeal and easy condition in Madhya Pradesh 
    soyabean prices also affected sentiment in limited deals. 
    About 600 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    32,500-37,400       33,000-37,400         --
    (Available price)
    Market delivery    32,600-37,500       33,100-37,500          --
    (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                   32,200-37,500
    Akola                  500                32,500-37,500
    Amravati               500                 32,500-37,200 
    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 – 39,000, 
    Hingoli – 39,100, Jalna – 38,700, Nandurbar – 39,200, 
    Latur – 39,100, Nanded – 39,100, Solapur – 39,300, 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
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         772            775
    Soyoil solvent crushing plant delivery         732            735    
    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            860
    Rapeseed oil (for 15 kg)                       1,290          1,290
    Castor oil (for 15 kg)                         1,470          1,470
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 775            777
    Soyoil Solvent                                 735            737
    Cottonseed refined                             748            748
    Cottonseed solvent                             718            718

    AKOLA
    Soyoil refined                                 774            775
    Soyoil Solvent                                 734            735        
    Cottonseed refined oil                         758          758 
    Cottonseed solvent                             716            716

    DHULIA
    Soyoil refined                                 767            770
  
    AURANGABAD
    Soyoil refined 
                                                770            773
    JALNA
    Soyoil refined 
                                                   772            774
    NANDED
    Soyoil refined                                 761            763
   
    Soyoil refined prices at other places in Maharashtra : Latur - 762, 
    Parbhani – 766, Koosnoor – 770, Solapur – 760, Sangli – 772.

    (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      32,100-32,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,000, 
    Washim – 32,300, Dhulia – 32,800, Hingoli – 33,000, Jalna – 32,700,
    Nandurbar – 32,700, Khamgaon – 31,500, Latur – 33,000, Nanded – 33,000,
    Solapur – 33,100, Dharwad – 33,500, Sangli – 33,600

WEATHER (NAGPUR)  
Maximum temp. 37.6 degree Celsius, minimum temp. 22.2 degree Celsius 
Rainfall : nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 38 and 22
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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