February 28, 2018 / 8:28 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- February 28, 2018

Nagpur Soybean, Soyoil, Soymeal Open-February 28, 2018

Nagpur, Feb 28 (Reuters) – Steady conditions persisted in major edible oils in Vidarbha region
of Western Maharashtra as oil prices hovered around previous day’s level on small bouts of
trading. Absence of buying interest and easy condition on Madhya Pradesh oil market mainly kept
prices unchanged. A majority of traders adopted wait and watch move because of two-day Holi
festival, sources said Wednesday.


                       *****
VIDARBHA MARKETS
OILS

  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor. 
         
   SOYABEAN
  * Soyabean prices zoomed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on increased demand from local crushing plants. Good recovery 
    on NCDEX, fresh hike on NCDEX, upward trend in Madhya Pradesh soybean prices and 
    repeated enquiries from South-based plants also boosted prices.
    About 600 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    33,000-37,800       32,300-37,200         --
    (Available price)
    Market delivery    33,100-37,900       32,400-37,300          --
    (Traders price)
    Plant delivery     38,400-38,800       38,400-38,800          --

    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             500                   32,800-37,700
    Akola                  1,000               33,000-37,500
    Amravati               1,000               33,400-37,500 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            32,800-37,300 
    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 – 38,500, Washim – 37,500, Khamgaon – 38,800, Dhulia – 38,000, 
    Hingoli – 39,000, Jalna – 38,800, Nandurbar – 38,300, 
    Latur – 39,100, Nanded – 39,100, Solapur – 39,000, Sangli – 39,000.
        
    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
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         782            782
    Soyoil solvent crushing plant delivery         742            742    
    Cottonseed refined                             760            760
    Cottonseed solvent                             740            740
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          800            800
    Linseed oil                                    840            840
    Rapeseed oil (for 15 kg)                       1,270          1,270
    Castor oil (for 15 kg)                         1,520          1,520
    Coconut KP oil (for 15 kg)                     3,470          3,470

    AMRAVATI
    Soyoil refined                                 773            773
    Soyoil Solvent                                 733            733
    Cottonseed refined                             750            750
    Cottonseed solvent                             730            730

    AKOLA
    Soyoil refined                                 774            774
    Soyoil Solvent                                 734            734        
    Cottonseed refined oil                         756          756 
    Cottonseed solvent                             730            730

    DHULIA
    Soyoil refined                                 785            785
  
    AURANGABAD
    Soyoil refined 
                                                778            778
    JALNA
    Soyoil refined 
                                                   784            784
    NANDED
    Soyoil refined                                 770            770
   
    Soyoil refined prices at other places in Maharashtra : Latur - 771, 
    Parbhani – 781, Koosnoor – 781, Solapur – 771, Sangli – 783.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open     Previous Close
    Soymeal (Nagpur)                  32,000-32,500        32,000-32,500
      
    Soymeal prices at other places in Maharashtra : Akola – 31,800, 
    Washim – 31,800, Dhulia – 32,800, Hingoli – 33,000, Jalna – 34,500,
    Nandurbar – 32,600, Khamgaon – 31,400, Latur – 33,500, Nanded – 33,400,
    Parbhani – 33,000, Solapur – 34,000, Dharwad – 33,200, Sangli – 34,500

WEATHER (NAGPUR)  
Maximum temp. 34.5 degree Celsius, minimum temp. 16.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 36 and 16 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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