June 13, 2018 / 8:40 AM / in 2 months

Nagpur Soybean, Soyoil, Soymeal Open- JUN 13, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 13, 2018

Nagpur, June 13 (Reuters) – The prices of Rapeseed and Coconut KP oils today tumble in the
Vidarbha region of Western Maharashtra largely in tandem with weakening prices in producing
belts. Trading sentiment turned bearish after release of stock from stockists. Trading activity
in other edible oils reported weak as no trader was in mood for any commitment because of
downward trend in Malaysian palm oil and American soya digam prices, sources said Wednesday.


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

  * Soymeal prices today ruled steady in open market here but demand was poor.
         
   SOYABEAN
  * Soyabean prices firmed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants. Reports about delay 
    in monsoon arrival, good hike on NCDEX, upward trend in Madhya Pradesh soyabean 
    prices and reported demand from South-based plants also jacked up prices. 
    About 200 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    30,000-32,000       29,400-31,750         --
    (Available price)
    Market delivery    30,100-32,000       29,600-31,850          --
    (Traders price)
    Plant delivery     34,700-35,000       34,700-35,000          --

    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             100                   30,000-31,900
    Akola                  100                29,900-32,100
    Amravati               100                 30,300-32,300 
    Khamgaon               n.a.                   n.a.
    Wardha                 100            30,300-32,000 
    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 – 34,700, Washim – 34,700, Khamgaon – 34,400, Dhulia – 35,100, 
    Hingoli – 35,300, Jalna – 35,500, Nandurbar – 34,400, 
    Latur – 35,300, Nanded – 35,300, Solapur – 35,300, Sangli – 34,900.
        
    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         741            741
    Soyoil solvent crushing plant delivery         701            701    
    Cottonseed refined                             730            730
    Cottonseed solvent                             703            703
    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)                       1,310          1,320
    Castor oil (for 15 kg)                         1,410          1,410
    Coconut KP oil (for 15 kg)                     3,450          3,470

    AMRAVATI
    Soyoil refined                                 742            742
    Soyoil Solvent                                 702            702
    Cottonseed refined                             735            735
    Cottonseed solvent                             698            698

    AKOLA
    Soyoil refined                                 743            743
    Soyoil Solvent                                 703            703        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             700            700

    DHULIA
    Soyoil refined                                 741            741
  
    AURANGABAD
    Soyoil refined 
                                                746            745
    JALNA
    Soyoil refined 
                                                   747            747
    NANDED
    Soyoil refined                                 738            738
   
    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

                  Wednesday’s open     Previous Close
    Soymeal (Nagpur)                  29,000-29,500        29,000-29,500
      
    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 – 28,300, Latur – 29,700, Nanded – 29,500,
    Solapur – 30,800, Dharwad – 30,600, Sangli – 30,600

WEATHER (NAGPUR)  
Maximum temp. 35.7 degree Celsius, minimum temp. 24.5 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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