June 1, 2018 / 7:57 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 01, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 1, 2018

Nagpur, June 1 (Reuters) – Barring a rise in Castor oil in non-edible section, major edible and
non-edible oil prices today generally ruled flat in the Vidarbha region of Western Maharashtra
in the absence of any worthwhile trading activity. Notable rise in demand from millers and
retailers against inadequate stocks mainly pushed Castor oil prices up. Fresh fall in Malaysian
palm oil and American soya digam prices also affected sentiment, sources said Friday.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Sunflower refined, Groundnut loose, Groundnut refined, Linseed,
    Rapeseed 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 moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. No takers to soyabean 
    oil & soymeal, easy condition on NCDEX and fresh fall in Madhya Pradesh soyabean 
    prices also affected sentiment in thin 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    30,000-33,500       30,500-34,000         --
    (Available price)
    Market delivery    30,100-33,600       30,600-34,100          --
    (Traders price)
    Plant delivery     35,900-36,300       36,200-36,500          --

    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             200                   30,800-33,900
    Akola                  200                30,500-34,000
    Amravati               200                 30,500-34,300 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            30,700-34,000 
    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 – 36,200, Khamgaon – 36,300, Dhulia – 36,500, 
    Hingoli – 36,500, Jalna – 36,500, Nandurbar – 36,400, 
    Latur – 36,500, Nanded – 36,700, Solapur – 36,400, Sangli – 36,600.
        
    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
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         752            752
    Soyoil solvent crushing plant delivery         712            712    
    Cottonseed refined                             735            735
    Cottonseed solvent                             715            720
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          860            840
    Linseed oil                                    820            820
    Rapeseed oil (for 15 kg)                       1,310          1,310
    Castor oil (for 15 kg)                         1,440          1,420
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 753            753
    Soyoil Solvent                                 713            713
    Cottonseed refined                             737            737
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 752            752
    Soyoil Solvent                                 712            712        
    Cottonseed refined oil                         745          745 
    Cottonseed solvent                             718            718

    DHULIA
    Soyoil refined                                 752            752
  
    AURANGABAD
    Soyoil refined 
                                                757            757
    JALNA
    Soyoil refined 
                                                   756            756
    NANDED
    Soyoil refined                                 742            742
   
    Soyoil refined prices at other places in Maharashtra : Latur - 742, 
    Parbhani – 756, Koosnoor – 755, Solapur – 741, Sangli – 755.

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

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

WEATHER (NAGPUR)  
Maximum temp. 43.2 degree Celsius, minimum temp. 24.6 degree Celsius 
Rainfall : 11.5 mm
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 43 and 27 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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