July 3, 2018 / 8:56 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUL 03, 2018

Nagpur Soybean, Soyoil, Soymeal Open-July 3, 2018

Nagpur, July 3 (Reuters) – The rising trend in soyabean oil remained unabated for the second
straight day today in Vidarbha region of Central Maharashtra as prices rise further on increased
buying by vanaspati millers for the ongoing marriage season, amid a firm trend in producing
regions. Good recovery in Madhya Pradesh soyabean oil prices also boosted sentiment, sources
said Tuesday.

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

  * Soymeal prices today zoomed up here on good demand from South-based traders. Healthy 
    rise in international soymeal prices also boosted sentiment.
         
   SOYABEAN
  * Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing regions. Healthy rise in soymeal, further hike in soyabean oil, upward 
    trend in Madhya Pradesh soyabean prices and notable rise on NCDEX also boosted prices 
    here.
    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    32,000-35,500       31,200-34,900         --
    (Available price)
    Market delivery    32,100-35,600       31,300-35,000          --
    (Traders price)
    Plant delivery     36,700-37,100       36,700-37,100          --

    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             100                   31,900-35,800
    Akola                  100                32,000-35,200
    Amravati               100                 32,200-35,500 
    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 – 36,900, Washim – 37,300, Khamgaon – 37,500, Dhulia – 37,500, 
    Hingoli – 38,800, Jalna – 37,500, Nandurbar – 38,200, 
    Latur – 38,600, Nanded – 38,800, Solapur – 38,800, Sangli – 37,700.
        
    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         767            764
    Soyoil solvent crushing plant delivery         727            725    
    Cottonseed refined                             735            735
    Cottonseed solvent                             710            710
    Groundnut oil (loose)                          990            990
    Groundnut oil refined (15 Litre)               1,560          1,560
    Sunflower oil refined                          870            870
    Linseed oil                                    830            830
    Rapeseed oil (for 15 kg)                       1,320          1,320
    Castor oil (for 15 kg)                         1,410          1,410
    Coconut KP oil (for 15 kg)                     3,420          3,420

    AMRAVATI
    Soyoil refined                                 765            761
    Soyoil Solvent                                 725            721
    Cottonseed refined                             740            740
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 766            762
    Soyoil Solvent                                 726            722        
    Cottonseed refined oil                         743          743 
    Cottonseed solvent                             693            693

    DHULIA
    Soyoil refined                                 766            763
  
    AURANGABAD
    Soyoil refined 
                                                769            766
    JALNA
    Soyoil refined 
                                                   767            764
    NANDED
    Soyoil refined                                 769            766
   
    Soyoil refined prices at other places in Maharashtra : Latur - 770, 
    Parbhani – 771, Koosnoor – 769, Solapur – 771, Sangli – 772.

    (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)                  30,000-30,500      29,500-30,000
      
    Soymeal prices at other places in Maharashtra : Akola – 30,200, 
    Washim – 30,500, Dhulia – 30,500, Hingoli – 31,500, Jalna – 31,000,
    Nandurbar – 30,500, Khamgaon – 30,000, Latur – 32,000, Nanded – 32,000,
    Solapur – 32,000, Dharwad – 32,400, Sangli – 32,300

WEATHER (NAGPUR)  
Maximum temp. 30.9 degree Celsius, minimum temp. 24.3 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with a few spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 31 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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