June 4, 2018 / 8:05 AM / 18 days ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 04, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 4, 2018

Nagpur, June 4 (Reuters) – Soyabean and Cottonseed oil today suffered heavily in Vidarbha region
of Western Maharashtra on stockists selling, driven by higher imports amid weak global cues.
Fall in demand from millers and retailers also put pressure on these oil. Besides, sufficient
stocks, sharp fall on NCDEX and easy condition in Madhya Pradesh soyabean oil also affected
sentiment in thin trading activity, sources said Monday.


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

  * Soymeal prices today moved down here in absence of buyers amid good supply from 
    crushing plants.
         
   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. Fresh fall in soyabean oil, easy condition in soymeal and downward 
    trend in Madhya Pradesh soyabean prices also affected sentiment in thin trading 
    activity. Heavy rains yesterday evening affected soyabean arrival. 
    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    30,000-32,500       30,500-33,000         --
    (Available price)
    Market delivery    30,100-32,600       30,600-33,100          --
    (Traders price)
    Plant delivery     35,900-36,300       35,900-36,300          --

    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                   31,000-33,000
    Akola                  200                31,200-32,900
    Amravati               200                 31,200-33,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            31,000-33,000 
    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 – 36,700, Jalna – 36,500, Nandurbar – 36,400, 
    Latur – 36,700, Nanded – 36,700, Solapur – 36,700, 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
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         746            750
    Soyoil solvent crushing plant delivery         705            710    
    Cottonseed refined                             730            735
    Cottonseed solvent                             710            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          1,440
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 747            752
    Soyoil Solvent                                 707            710
    Cottonseed refined                             735            739
    Cottonseed solvent                             705            709

    AKOLA
    Soyoil refined                                 748            752
    Soyoil Solvent                                 708            712        
    Cottonseed refined oil                         740          745 
    Cottonseed solvent                             710            713

    DHULIA
    Soyoil refined                                 746            749
  
    AURANGABAD
    Soyoil refined 
                                                750            754
    JALNA
    Soyoil refined 
                                                   751            754
    NANDED
    Soyoil refined                                 737            742
   
    Soyoil refined prices at other places in Maharashtra : Latur - 737, 
    Parbhani – 751, Koosnoor – 750, Solapur – 736, Sangli – 747.

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

                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  30,200-30,500      30,300-30,700
      
    Soymeal prices at other places in Maharashtra : Akola – 29,700, 
    Washim – 30,200, Dhulia – 30,500, Hingoli – 30,600, Jalna – 31,100,
    Nandurbar – 30,600, Khamgaon – 29,000, Latur – 31,000, Nanded – 31,300,
    Solapur – 31,000, Dharwad – 31,200, Sangli – 31,500

WEATHER (NAGPUR)  
Maximum temp. 41.6 degree Celsius, minimum temp. 24.7 degree Celsius 
Rainfall : 2.0 mm
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 42 and 25 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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