July 25, 2018 / 9:01 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUL 25, 2018

Nagpur Soybean, Soyoil, Soymeal Open-July 25, 2018

Nagpur, July 25 (Reuters) – Soyabean oil today declined in Vidarbha region of Western
Maharashtra on stockists selling looking towards month ending, driven by higher imports. Fall in
demand from millers and retailers also put pressure on soyabean oil. Besides, sufficient stocks,
weak trend on NCDEX and easy condition in Madhya Pradesh soyabean oil also affected sentiment.
Transporters strike in all over the country affected trading activity here too, sources said
Wednesday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut refined, Groundnut Loose, 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 here on subdued demand from local traders in 
    thin trading activity.
         
   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 soymeal, fresh fall in soyabean oil, weak trend in 
    other soyabean mandis and downward trend on NCDEX also pushed down prices. 
    Transporters strike in all overr the country affected arrival as well as trading 
    activity. 
    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    31,000-34,400       31,000-34,700         --
    (Available price)
    Market delivery    31,100-34,500       31,100-35,800          --
    (Traders price)
    Plant delivery     36,700-37,000       36,750-37,000          --

    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             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 – 36,700, 
    Hingoli – 37,700, Jalna – 36,500, Nandurbar – 36,800, 
    Latur – 37,700, Nanded – 37,700, Solapur – 37,700, Sangli – 37,500.
        
    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
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         765            766
    Soyoil solvent crushing plant delivery         725            726    
    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                                    870            870
    Rapeseed oil (for 15 kg)                       1,340          1,340
    Castor oil (for 15 kg)                         1,470          1,470
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 761            764
    Soyoil Solvent                                 721            724
    Cottonseed refined                             735            735
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 760            763
    Soyoil Solvent                                 723            723        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             690            693

    DHULIA
    Soyoil refined                                 762            764
  
    AURANGABAD
    Soyoil refined 
                                                763            765
    JALNA
    Soyoil refined 
                                                   762            764
    NANDED
    Soyoil refined                                 754            756
   
    Soyoil refined prices at other places in Maharashtra : Latur - 753, 
    Parbhani – 765, Koosnoor – 763, Solapur – 753, Sangli – 764.

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

                  Wednesday’s open     Previous Close
    Soymeal (Nagpur)                  29,700-30,000        29,700-30,000
      
    Soymeal prices at other places in Maharashtra : Akola – 29,000, 
    Washim – 30,100, Dhulia – 31,200, Hingoli – 31,500, Jalna – 31,000,
    Nandurbar – 30,200, Khamgaon – 28,800, Latur – 30,200, Nanded – 30,700,
    Solapur – 31,300, Dharwad – 30,700, Sangli – 31,000

WEATHER (NAGPUR)  
Maximum temp. 28.5 degree Celsius, minimum temp. 24.0 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with few spells of rains or thunder-showers. Maximum and minimum
temperature would be around and 29 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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