June 12, 2018 / 8:13 AM / 12 days ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 12, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 12, 2018

Nagpur, June 12 (Reuters) – Barring a fall in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled soyabean oil prices down. Easy condition in Malaysian palm oil also
affected sentiment, sources said Tuesday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed,
    Rapeseed, Castor and coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect further fall in Soyabean oil here.
    
   SOYMEAL

  * Soymeal prices today reported down here on lack of demand from South-based 
    traders. Further fall in international soymeal prices also affected sentiment in thin
    trading activity.
         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. Further fall in 
    soyabean oil, weak trend in soymeal and continuous fall in Madhya Pradesh soybean 
    prices also pulled down prices here 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    29,000-31,750       29,500-31,750         --
    (Available price)
    Market delivery    29,100-31,850       29,600-31,850          --
    (Traders price)
    Plant delivery     34,700-35,000       35,300-35,500          --

    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                   30,000-31,900
    Akola                  100                29,900-31,700
    Amravati               100                 30,000-31,800 
    Khamgaon               n.a.                   n.a.
    Wardha                 100            30,200-32,000 
    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 – 34,500, Washim – 34,500, Khamgaon – 34,000, Dhulia – 34,800, 
    Hingoli – 35,500, Jalna – 35,400, Nandurbar – 34,100, 
    Latur – 35,100, Nanded – 35,500, Solapur – 35,500, Sangli – 34,700.
        
    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         741            744
    Soyoil solvent crushing plant delivery         701            703    
    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                                 742            745
    Soyoil Solvent                                 702            705
    Cottonseed refined                             735            735
    Cottonseed solvent                             705            705

    AKOLA
    Soyoil refined                                 743            747
    Soyoil Solvent                                 703            707        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 741            744
  
    AURANGABAD
    Soyoil refined 
                                                746            748
    JALNA
    Soyoil refined 
                                                   747            750
    NANDED
    Soyoil refined                                 738            740
   
    Soyoil refined prices at other places in Maharashtra : Latur - 739, 
    Parbhani – 748, Koosnoor – 747, Solapur – 739, Sangli – 745.

    (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)                  29,000-29,500      29,300-29,700
      
    Soymeal prices at other places in Maharashtra : Akola – 28,900, 
    Washim – 29,800, Dhulia – 30,300, Hingoli – 30,000, Jalna – 30,300,
    Nandurbar – 30,300, Khamgaon – 28,500, Latur – 30,200, Nanded – 30,000,
    Solapur – 30,800, Dharwad – 31,000, Sangli – 30,600

WEATHER (NAGPUR)  
Maximum temp. 36.1 degree Celsius, minimum temp. 24.6 degree Celsius 
Rainfall : 6.2 mm
FORECAST: Generally cloudy sky with few spells of rains or thunder-showers. Maximum and minimum
temperature would be around and 36 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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