April 27, 2018 / 8:15 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 27, 2018

Nagpur Soybean, Soyoil, Soymeal Open-April 27, 2018

Nagpur, April 27 (Reuters) – The slide in Linseed oil prices continued unabated in Vidarbha
region of Western Maharashtra for third day today on persistent selling by stockists amid good
supply from producing regions and weak trends in producing regions. Sentiment turned bearish
because of release of stock from stockists. Trading activity in other edible and non-edible oils
reported thin because of upward trend in international edible oils, according to sources.



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

  * Soymeal prices today ruled steady here on subdued demand from local traders. Traders 
    adopted wait and watch move because of good recovery in international soymeal prices.
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. No takers to soyabean oil 
    & soymeal in last four trading sessions, easy condition on NCDEX and fresh fall in 
    Madhya Pradesh soyabean prices also affected sentiment in limited deals. 
    About 250 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    31,000-36,400       31,600-36,000         --
    (Available price)
    Market delivery    31,100-36,500       31,700-36,100          --
    (Traders price)
    Plant delivery     37,700-38,000       37,700-38,000          --

    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                   32,200-36,300
    Akola                  500                32,500-36,000
    Amravati               500                 32,000-36,500 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,300-36,300 
    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 – 37,800, Washim – 38,750, Khamgaon – 37,500, Dhulia – 38,000, 
    Hingoli – 39,000, Jalna – 37,600, Nandurbar – 38,700, 
    Latur – 38,800, Nanded – 39,000, Solapur – 39,200, 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
                              
                                Friday’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                          880            880
    Linseed oil                                    810            820
    Rapeseed oil (for 15 kg)                       1,280          1,280
    Castor oil (for 15 kg)                         1,450          1,450
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 771            771
    Soyoil Solvent                                 731            731
    Cottonseed refined                             745            745
    Cottonseed solvent                             715            715

    AKOLA
    Soyoil refined                                 771            771
    Soyoil Solvent                                 731            731        
    Cottonseed refined oil                         753          753 
    Cottonseed solvent                             713            713

    DHULIA
    Soyoil refined                                 773            773
  
    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

                  Friday’s open     Previous Close
    Soymeal (Nagpur)                  31,200-31,500      31,200-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 30,800, 
    Washim – 31,700, Dhulia – 31,800, Hingoli – 32,400, Jalna – 32,500,
    Nandurbar – 31,300, Khamgaon – 30,500, Latur – 32,200, Nanded – 32,300,
    Solapur – 32,500, Dharwad – 32,700, Sangli – 32,800

WEATHER (NAGPUR)  
Maximum temp. 43.3 degree Celsius, minimum temp. 22.0 degree Celsius 
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 43 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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