April 17, 2018 / 8:11 AM / 7 days ago

Nagpur Soybean, Soyoil, Soymeal Open- April 17, 2018

Nagpur Soybean, Soyoil, Soymeal Open-April 17, 2018

Nagpur, April 17 (Reuters) – Sunflower oil prices today strengthened in Vidarbha region of
Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing
regions. Weak supply from producing belts also fuelled prices. Buying activity in other edible
oil and non-edible oils reported weak as no trader was in mood for any commitment because of
easy condition in international edible oils, sources said Tuesday
                       
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Linseed, 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 declined here in absence of buyers amid good supply from 
    crushing plants.
         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. No takers to soyabean 
    oil & soymeal, easy condition on NCDEX and downward trend in Madhya Pradesh soyabean 
    prices also affected sentiment. 
    About 300 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    32,500-36,700       32,500-37,100         --
    (Available price)
    Market delivery    32,600-36,800       32,600-37,200          --
    (Traders price)
    Plant delivery     38,400-38,700       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                   32,200-37,000
    Akola                  500                32,500-36,900
    Amravati               500                 32,700-37,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,200-37,300 
    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 – 38,000, Dhulia – 38,500, 
    Hingoli – 38,700, Jalna – 38,500, Nandurbar – 39,200, 
    Latur – 38,700, Nanded – 38,700, Solapur – 38,000, Sangli – 38,800.
        
    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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         772            772
    Soyoil solvent crushing plant delivery         732            732    
    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                          870            860
    Linseed oil                                    850            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                                 772            772
    Soyoil Solvent                                 732            732
    Cottonseed refined                             748            748
    Cottonseed solvent                             718            718

    AKOLA
    Soyoil refined                                 771            771
    Soyoil Solvent                                 731            731        
    Cottonseed refined oil                         758          758 
    Cottonseed solvent                             716            716

    DHULIA
    Soyoil refined                                 767            767
  
    AURANGABAD
    Soyoil refined 
                                                770            770
    JALNA
    Soyoil refined 
                                                   772            772
    NANDED
    Soyoil refined                                 761            761
   
    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

                  Tuesday’s open     Previous Close
    Soymeal (Nagpur)                  31,700-32,000      32,100-32,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,000, 
    Washim – 32,300, Dhulia – 32,500, Hingoli – 33,000, Jalna – 32,700,
    Nandurbar – 32,700, Khamgaon – 31,000, Latur – 32,500, Nanded – 33,000,
    Solapur – 33,100, Dharwad – 33,500, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 42.0 degree Celsius, minimum temp. 23.5 degree Celsius 
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 42 and 23 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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