July 17, 2018 / 8:07 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUL 17, 2018

Nagpur Soybean, Soyoil, Soymeal Open-July 17, 2018

Nagpur, July 17 (Reuters) – Barring a fall in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled soyabean oil prices down. Easy condition on international edible oil market
and downward trend on NCDEX also affected sentiment, sources said Tuesday.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Sunflower refined, Linseed, Rapeseed, Castor and Coconut KP oil 
    ruled steady here in sluggish 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 in limited deals.
         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants amid high moisture 
    content arrival. No takers to soyabean oil & soymeal, downward trend on NCDEX and 
    easy condition in Madhya Pradesh soyabean prices also pulled down prices here. 
    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    31,000-33,750       31,000-39,000         --
    (Available price)
    Market delivery    31,100-33,850       31,100-34,000          --
    (Traders price)
    Plant delivery     36,000-36,500       36,000-36,500          --

    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 – 36,100, Washim – 36,300, Khamgaon – 36,400, Dhulia – 36,000, 
    Hingoli – 37,700, Jalna – 36,500, Nandurbar – 36,800, 
    Latur – 37,500, Nanded – 37,700, Solapur – 38,800, 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         761            765
    Soyoil solvent crushing plant delivery         721            725    
    Cottonseed refined                             730            730
    Cottonseed solvent                             705            705
    Groundnut oil (loose)                          1,000          1,000
    Groundnut oil refined (15 Litre)               1,560          1,560
    Sunflower oil refined                          870            870
    Linseed oil                                    830            830
    Rapeseed oil (for 15 kg)                       1,330          1,330
    Castor oil (for 15 kg)                         1,430          1,430
    Coconut KP oil (for 15 kg)                     3,400          3,400

    AMRAVATI
    Soyoil refined                                 762            764
    Soyoil Solvent                                 722            724
    Cottonseed refined                             735            735
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 762            765
    Soyoil Solvent                                 722            725        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             690            693

    DHULIA
    Soyoil refined                                 760            762
  
    AURANGABAD
    Soyoil refined 
                                                763            764
    JALNA
    Soyoil refined 
                                                   764            766
    NANDED
    Soyoil refined                                 765            767
   
    Soyoil refined prices at other places in Maharashtra : Latur - 767, 
    Parbhani – 768, Koosnoor – 767, Solapur – 766, Sangli – 768.

    (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)                  30,000-30,300       30,000-30,300
      
    Soymeal prices at other places in Maharashtra : Akola – 29,700, 
    Washim – 30,100, Dhulia – 31,000, Hingoli – 31,500, Jalna – 30,500,
    Nandurbar – 30,200, Khamgaon – 29,300, Latur – 30,500, Nanded – 32,000,
    Solapur – 32,000, Dharwad – 31,000, Sangli – 31,800

WEATHER (NAGPUR)  
Maximum temp. 28.1 degree Celsius, minimum temp. 23.9 degree Celsius 
Rainfall : 23.8
FORECAST: Generally cloudy sky with heavy rains. Maximum and minimum temperature would be around
and 28 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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