June 14, 2018 / 8:02 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 14, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 14, 2018

Nagpur, June 14 (Reuters) – Groundnut oil prices today fell in Vidarbha region of Western
Maharashtra on increased offloading by stockists largely triggered by weakning prices in
producing regions like Gujarath, Tamilnadu and Marathwada. Trading activity in other edible and
non-edible oils reported weak as no trader was in mood for any commitment because of good
recovery in international oil prices, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Sunflower refined, Linseed, Rapeseed, Castor and Coconut KP oil 
    ruled steady here in weak trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

  * Soymeal prices today ruled steady in open market here but demand was poor in limited 
    deals. Fresh fall in international soymeal prices also affected sentiment.
         
   SOYABEAN
  * Soyabean prices zoomed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing regions. Delay in monsoon, good recovery on NCDEX, fresh hike in Madhya 
    Pradesh soyabean prices and enquiries from South-based plants also boosted prices. 
    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    30,000-33,600       30,000-33,000         --
    (Available price)
    Market delivery    30,100-33,700       30,100-33,100          --
    (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                   30,000-32,900
    Akola                  100                29,900-33,100
    Amravati               100                 30,500-33,300 
    Khamgaon               n.a.                   n.a.
    Wardha                 100            30,300-32,800 
    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 – 35,800, Jalna – 35,500, Nandurbar – 34,400, 
    Latur – 35,800, Nanded – 35,800, Solapur – 35,800, 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
                              
                                Thursday’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)                          1,010          1,020
    Groundnut oil refined (15 Litre)               1,590          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          3,450

    AMRAVATI
    Soyoil refined                                 744            744
    Soyoil Solvent                                 702            702
    Cottonseed refined                             735            735
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 743            743
    Soyoil Solvent                                 703            703        
    Cottonseed refined oil                         738          738 
    Cottonseed solvent                             695            695

    DHULIA
    Soyoil refined                                 740            740
  
    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

                  Thursday’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 – 29,500, Hingoli – 30,000, Jalna – 30,800,
    Nandurbar – 29,400, Khamgaon – 28,200, Latur – 30,000, Nanded – 29,500,
    Solapur – 30,000, Dharwad – 30,200, Sangli – 30,300

WEATHER (NAGPUR)  
Maximum temp. 37.7 degree Celsius, minimum temp. 26.9 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 38 and 27 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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