June 6, 2018 / 8:10 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 06, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 6, 2018

Nagpur, June 6 (Reuters) – Soyabean oil prices rose up in Vidarbha region of Western Maharashtra
on fresh buying by Vansaspati millers amid a firming global trend. Sentiment also improved after
as Malaysian palm oil and American soya digam recovered notably. Healthy rise on NCDEX and fresh
hike in Madhya Pradesh Soyabeal oil prices also fuelled prices, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, 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 declined here on lack of demand from South-based traders. Fresh 
    fall in international soymeal prices also affected sentiment.
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Easy condition in soymeal, 
    downward trend on NCDEX and fresh fall in Madhya Pradesh soyabean prices also 
    affected sentiment in limited deals. 
    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    30,000-33,000       30,000-33,300         --
    (Available price)
    Market delivery    30,100-33,100       30,100-33,400          --
    (Traders price)
    Plant delivery     35,600-36,000       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                   30,500-33,100
    Akola                  200                30,200-32,800
    Amravati               200                 30,700-33,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            30,500-33,200 
    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
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         750            746
    Soyoil solvent crushing plant delivery         710            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)                         1,420          1,440
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 749            747
    Soyoil Solvent                                 709            707
    Cottonseed refined                             735            735
    Cottonseed solvent                             705            705

    AKOLA
    Soyoil refined                                 750            748
    Soyoil Solvent                                 710            708        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 745            742
  
    AURANGABAD
    Soyoil refined 
                                                753            750
    JALNA
    Soyoil refined 
                                                   755            751
    NANDED
    Soyoil refined                                 741            737
   
    Soyoil refined prices at other places in Maharashtra : Latur - 741, 
    Parbhani – 754, Koosnoor – 754, Solapur – 741, Sangli – 751.

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