June 8, 2018 / 8:20 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 08, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 8, 2018

Nagpur, June 8 (Reuters) – Soyabean oil in edible section and Castor oil in non-edible section,
declined sharply in Vidarbha region of Western Maharashtra today on persistent selling by
stockists amid good supply from producing regions and weak trends in Madhya Pradesh oils.
Sentiment turned bearish because of release of stock from stockists. Trading activity in other
edible reported weak as no trader was in mood for any commitment because of downward trend in
overseas edible oil prices, according to sources.

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

  * Soymeal prices today ruled steady here on subdued demand from South-based traders. 
    Fresh fall in overseas soymeal prices also affected sentiment.
         
   SOYABEAN
  * Soyabean prices reported weak in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. Fresh fall in 
    Soyabean oil, no takers to soymeal and downward trend in Madhya Pradesh soyabean 
    prices also affected prices. Heavy rains yesterday evening affected arrival here.
    About 100 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    30,000-32,250       30,000-32,600         --
    (Available price)
    Market delivery    30,100-32,350       30,100-33,100          --
    (Traders price)
    Plant delivery     35,600-36,000       35,600-36,000          --

    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             200                   30,300-33,000
    Akola                  200                30,000-32,700
    Amravati               200                 30,500-32,900 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            30,200-33,000 
    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 – 34,800, Dhulia – 36,300, 
    Hingoli – 36,200, Jalna – 36,300, Nandurbar – 36,100, 
    Latur – 36,200, Nanded – 36,200, Solapur – 36,200, Sangli – 36,250.
        
    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         747            749
    Soyoil solvent crushing plant delivery         707            710    
    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            860
    Linseed oil                                    820            820
    Rapeseed oil (for 15 kg)                       1,320          1,320
    Castor oil (for 15 kg)                         1,410          1,420
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 750            751
    Soyoil Solvent                                 709            711
    Cottonseed refined                             735            735
    Cottonseed solvent                             705            705

    AKOLA
    Soyoil refined                                 750            752
    Soyoil Solvent                                 710            712        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 747            749
  
    AURANGABAD
    Soyoil refined 
                                                751            753
    JALNA
    Soyoil refined 
                                                   753            751
    NANDED
    Soyoil refined                                 741            742
   
    Soyoil refined prices at other places in Maharashtra : Latur - 741, 
    Parbhani – 754, Koosnoor – 752, Solapur – 741, Sangli – 751.

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

WEATHER (NAGPUR)  
Maximum temp. 37.2 degree Celsius, minimum temp. 23.9 degree Celsius 
Rainfall : 8.3 mm
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 37 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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