June 5, 2018 / 8:02 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 05, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 5, 2018

Nagpur, June 5 (Reuters) – Steady condition persisted in edible oils in the Vidarbha region of
Western Maharashtra today as prices moved in a tight range in lackluster trading ad settled
around previous closing. Arrivals and offtake too remained at a low ebb and business volume
remained weak. Downward trend in international edible oils and fresh fall in Madhya Pradesh oil
prices also affected sentiment in thin trading activity, sources said Tuesday.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed,
    Rapeseed, Castor and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here on subdued demand from local traders amid 
    ample stock in ready position.
         
   SOYABEAN
  * Soyabean prices recovered in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing regions because of pre-monsoon rains in parts of Vidarbha. Good recovery in 
    Madhya Pradesh soyabean prices and reported demand from South-based plants also 
    jacked up prices. 
    About 150 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    30,000-33,300       30,000-33,000         --
    (Available price)
    Market delivery    30,100-33,400       30,100-33,100          --
    (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 – 35,000, Dhulia – 36,500, 
    Hingoli – 36,500, Jalna – 36,500, Nandurbar – 36,400, 
    Latur – 36,500, Nanded – 36,500, Solapur – 36,500, 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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         746            746
    Soyoil solvent crushing plant delivery         705            705    
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710
    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            747
    Soyoil Solvent                                 707            707
    Cottonseed refined                             735            735
    Cottonseed solvent                             705            705

    AKOLA
    Soyoil refined                                 748            748
    Soyoil Solvent                                 708            708        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 742            742
  
    AURANGABAD
    Soyoil refined 
                                                750            750
    JALNA
    Soyoil refined 
                                                   751            751
    NANDED
    Soyoil refined                                 737            737
   
    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

                  Tuesday’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. 42.4 degree Celsius, minimum temp. 23.7 degree Celsius 
Rainfall : 0.5 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 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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