April 23, 2018 / 8:18 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 23, 2018

Nagpur Soybean, Soyoil, Soymeal Open-April 23, 2018

Nagpur, April 23 (Reuters) – Steady condition developed in major edible oils in Vidarbha region
of Western Maharashtra following restricted arrival against sporadic demand. Sufficient ready
stocks position compared to current demand largely held prices around overnight levels. Easy
condition on international oil market also affected sentiment, sources said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower 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 reported down here on lack of demand from South-based traders.
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing regions. Fresh hike in Madhya Pradesh soyabean prices and reported demand 
    from South-based plants also pushed up prices. 
    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    32,000-37,000       32,000-36,500         --
    (Available price)
    Market delivery    32,100-37,100       32,100-36,600          --
    (Traders price)
    Plant delivery     38,500-38,800       38,400-38,700          --

    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                   32,500-36,900
    Akola                  500                32,200-36,400
    Amravati               500                 32,200-37,100 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,200-37,000 
    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 – 38,300, 
    Hingoli – 38,700, Jalna – 38,500, Nandurbar – 39,200, 
    Latur – 38,800, Nanded – 39,000, Solapur – 39,000, 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
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         770            770
    Soyoil solvent crushing plant delivery         730            730    
    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            870
    Linseed oil                                    850            850
    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                             745            745
    Cottonseed solvent                             715            715

    AKOLA
    Soyoil refined                                 773            773
    Soyoil Solvent                                 735            735        
    Cottonseed refined oil                         753          753 
    Cottonseed solvent                             713            713

    DHULIA
    Soyoil refined                                 771            771
  
    AURANGABAD
    Soyoil refined 
                                                768            768
    JALNA
    Soyoil refined 
                                                   767            767
    NANDED
    Soyoil refined                                 755            755
   
    Soyoil refined prices at other places in Maharashtra : Latur - 755, 
    Parbhani – 764, Koosnoor – 768, Solapur – 755, Sangli – 770.

    (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)                  31,500-31,800      31,700-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 31,400, 
    Washim – 32,100, Dhulia – 32,000, Hingoli – 32,700, Jalna – 32,500,
    Nandurbar – 31,800, Khamgaon – 30,700, Latur – 32,500, Nanded – 32,800,
    Solapur – 32,800, Dharwad – 32,700, Sangli – 32,800

WEATHER (NAGPUR)  
Maximum temp. 42.5 degree Celsius, minimum temp. 24.3 degree Celsius 
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 43 and 24 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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