August 24, 2018 / 8:07 AM / a month ago

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

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

Nagpur, Aug 24 (Reuters) – There was negligible change in the edible oil pattern of trading in
the Vidarbha region of Western Maharashtra today as prices hovered around last levels in absence
of any worthwhile moving factors. Restricted arrivals against sporadic demand mainly kept major
oil prices unaltered. No trader was in mood for any commitment because of weak trend in
Malaysian palm oil and fresh fall in American soya digam prices. Easy condition in Madhya
Pradesh soyabean oil and downward trend on NCDEX also affected sentiment, according to sources.

                       *****
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 ruled steady here but demand was poor.
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply from 
    producing belts. Fresh hike in Madhya Pradesh soyabean prices and reported demand 
    from South-based plants also boosted prices.  
    About 200 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    31,300-34,000       31,000-34,000         --
    (Available price)
    Market delivery    31,400-34,100       31,100-34,100          --
    (Traders price)
    Plant delivery     35,400-35,800       35,400-35,800          --

    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             n.a.                   n.a.
    Akola                  n.a.               n.a.
    Amravati               n.a.                n.a. 
    Khamgaon               n.a.                   n.a.
    Wardha                 n.a.            n.a. 
    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 – 36,000, Washim – 35,800, Khamgaon – 35,500, Dhulia – 35,500, 
    Hingoli – 35,800, Jalna – 35,700, Nandurbar – 35,800, 
    Latur – 36,300, Nanded – 36,300, Solapur – 36,300, Sangli – 36,000.
        
    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
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         752            752
    Soyoil solvent crushing plant delivery         712            712    
    Cottonseed refined                             790            790
    Cottonseed solvent                             760            760
    Groundnut oil (loose)                          1,080          1,080
    Groundnut oil refined (15 Litre)               1,670          1,670
    Sunflower oil refined                          880            880
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,360          1,360
    Castor oil (for 15 kg)                         1,540          1,540
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 755            755
    Soyoil Solvent                                 714            714
    Cottonseed refined                             790            790
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 756            756
    Soyoil Solvent                                 716            716        
    Cottonseed refined oil                         790          790 
    Cottonseed solvent                             760            760

    DHULIA
    Soyoil refined                                 750            750
  
    KHAMGAON
    Soyoil refined 
                                                753            753
    JALNA
    Soyoil refined 
                                                   754            754
    NANDED
    Soyoil refined                                 743            743
   
    Soyoil refined prices at other places in Maharashtra : Latur - 743, 
    Khamgaon – 755, Washim – 753, Solapur – 743, Sangli – 749.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.)
                                     
Nagpur soymeal prices in rupees per tonne

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  28,300-28,500    28,300-28,500
      
    Soymeal prices at other places in Maharashtra : Akola – 28,600, 
    Washim – 28,200, Dhulia – 29,000, Hingoli – 29,000, Jalna – 29,500,
    Nandurbar – 29,700, Khamgaon – 27,800, Latur – 29,200, Nanded – 30,700,
    Solapur – 30,500, Dharwad – 30,000, Sangli – 29,800

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.

WEATHER (NAGPUR)  
Maximum temp. 28.2 degree Celsius, minimum temp. 23.8 degree Celsius 
Rainfall : 0.2 mm
FORECAST: Generally cloudy sky with a few spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 29 and 24 degree Celsius respectively.

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