April 24, 2018 / 8:45 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- April 24, 2018

Nagpur Soybean, Soyoil, Soymeal Open-April 24, 2018

Nagpur, April 24 (Reuters) – The prices of Linseed and Rapeseed oils in non-edible section today
tumble in the Vidarbha region of Western Maharashtra largely in tandem with weakening prices in
producing belts. Trading sentiment turned bearish after release of stock from stockists. Trading
activity in other edible oils reported weak as no trader was in mood for any commitment because
of downward trend in Malaysian palm oil and American soya digam prices, sources said Tuesday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, 
    Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect weak trend in Linseed and Rapeseed oil here.
    
   SOYMEAL

  * Soymeal prices today declined further on poor demand from local traders. Fresh fall 
    in international soymeal prices also affected sentiment.
         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. No takers to soyabean 
    oil & weak trend in soyameal, easy condition on NCDEX and fresh fall in Madhya 
    Pradesh soyabean prices also affected prices here in limited deals. 
    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    32,000-36,600       32,000-37,000         --
    (Available price)
    Market delivery    32,100-36,700       32,100-37,100          --
    (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                   32,200-36,500
    Akola                  500                32,200-36,400
    Amravati               500                 32,000-36,400 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,400-36,700 
    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 – 37,500, Dhulia – 38,000, 
    Hingoli – 38,400, Jalna – 38,200, Nandurbar – 38,700, 
    Latur – 38,400, Nanded – 38,500, Solapur – 38,700, Sangli – 38,500.
        
    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
                              
                                Tuesday’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                                    830            850
    Rapeseed oil (for 15 kg)                       1,280          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

                  Tuesday’s open     Previous Close
    Soymeal (Nagpur)                  31,200-31,500      31,500-31,800
      
    Soymeal prices at other places in Maharashtra : Akola – 31,000, 
    Washim – 31,700, Dhulia – 31,700, Hingoli – 32,700, Jalna – 32,500,
    Nandurbar – 31,800, Khamgaon – 30,700, Latur – 32,500, Nanded – 32,800,
    Solapur – 32,500, Dharwad – 32,000, Sangli – 32,800

WEATHER (NAGPUR)  
Maximum temp. 42.0 degree Celsius, minimum temp. 22.7 degree Celsius 
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 43 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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