June 11, 2018 / 8:26 AM / in 5 months

Nagpur Soybean, Soyoil, Soymeal Open- JUN 11, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 11, 2018

Nagpur, June 11 (Reuters) – Soyabean and Coconut KP 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 soyabean 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
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed,
    Rapeseed and Castor oil ruled steady here in sluggish trading activity. 
  * Traders expect weak trend in Soyabean oil here.
    
   SOYMEAL

  * Soymeal prices today showed weak tendency here on poor demand from South-based 
    traders. Fresh fall in international soymeal prices also affected sentiment in weak
    trading activity.
         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. Reports about 
    favourable monsoon in this season in the region, fresh fall in soyabean oil, easy 
    condition in soymeal and downward trend in Madhya Pradesh soybean prices also 
    affected sentiment. 
    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    30,000-31,500       30,100-32,000         --
    (Available price)
    Market delivery    30,100-32,600       30,100-32,100          --
    (Traders price)
    Plant delivery     35,400-35,700       35,400-35,700          --

    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             100                   30,500-32,000
    Akola                  100                30,100-31,700
    Amravati               100                 30,000-31,500 
    Khamgaon               n.a.                   n.a.
    Wardha                 100            30,200-32,200 
    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 – 35,700, Washim – 35,500, Khamgaon – 34,800, Dhulia – 36,300, 
    Hingoli – 36,000, Jalna – 36,300, Nandurbar – 36,100, 
    Latur – 36,200, Nanded – 36,200, Solapur – 36,000, Sangli – 36,000.
        
    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         745            748
    Soyoil solvent crushing plant delivery         705            708    
    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          1,410
    Coconut KP oil (for 15 kg)                     3,470          3,500

    AMRAVATI
    Soyoil refined                                 747            750
    Soyoil Solvent                                 707            709
    Cottonseed refined                             735            735
    Cottonseed solvent                             705            705

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

    DHULIA
    Soyoil refined                                 743            747
  
    AURANGABAD
    Soyoil refined 
                                                748            751
    JALNA
    Soyoil refined 
                                                   750            752
    NANDED
    Soyoil refined                                 739            741
   
    Soyoil refined prices at other places in Maharashtra : Latur - 740, 
    Parbhani – 751, Koosnoor – 749, Solapur – 740, Sangli – 748.

    (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)                  29,300-29,700      29,600-30,000
      
    Soymeal prices at other places in Maharashtra : Akola – 29,200, 
    Washim – 29,800, Dhulia – 30,300, Hingoli – 30,000, Jalna – 30,300,
    Nandurbar – 30,300, Khamgaon – 28,500, Latur – 30,500, Nanded – 30,000,
    Solapur – 30,800, Dharwad – 31,000, Sangli – 30,500

WEATHER (NAGPUR)  
Maximum temp. 34.9 degree Celsius, minimum temp. 24.0 degree Celsius 
Rainfall : 68.7 mm
FORECAST: Generally cloudy sky with few spells of rains or thunder-showers. Maximum and minimum
temperature would be around and 35 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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