June 15, 2018 / 8:39 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 15, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 15, 2018

Nagpur, June 15 (Reuters) – About 15 per cent hike in import duty on palm oil has shown its
effects in Vidarbha market. Major edible and non-edible oil prices rose in Vidarbha region of
Western Maharashtra on fresh buying by Vansaspati millers amid a firming global trend. Sentiment
also improved after American soya digam and palm oil climbed in Malaysian oil market. Sharp rise
on NCDEX, healthy rise in Madhya Pradesh soyabean oil, reported demand from South-based traders
and weak overseas supply also fuelled price, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Sunflower refined and Linseed oils today shot up here on 
    increased demand from local traders amid tight supply from crushing plants.
  * Groundnut loose, Groundnut refined, Rapeseed, Castor and Coconut KP oil ruled steady 
    here in weak trading activity. 
  * Traders expect further rise in major edible oils here.
    
   SOYMEAL

  * Soymeal prices today ruled steady in open market here but demand was poor in limited 
    deals.
         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased buying support from local crushing plants amid weak 
    supply from producing regions. Healthy rise in soyabean oil, upward trend on NCDEX, 
    fresh hike in Madhya Pradesh soyabean prices and reported demand from South-based 
    plants also jacked up 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    30,000-32,100       30,000-32,500         --
    (Available price)
    Market delivery    30,100-32,200       30,100-32,600          --
    (Traders price)
    Plant delivery     35,200-35,800       35,200-35,800          --

    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 – 35,700, Washim – 35,700, Khamgaon – 35,400, Dhulia – 36,100, 
    Hingoli – 36,400, Jalna – 36,300, Nandurbar – 35,900, 
    Latur – 36,400, Nanded – 36,400, Solapur – 36,400, 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
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         760            750
    Soyoil solvent crushing plant delivery         720            712    
    Cottonseed refined                             740            730
    Cottonseed solvent                             713            703
    Groundnut oil (loose)                          1,010          1,010
    Groundnut oil refined (15 Litre)               1,590          1,590
    Sunflower oil refined                          880            860
    Linseed oil                                    830            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)                     3,450          3,450

    AMRAVATI
    Soyoil refined                                 762            752
    Soyoil Solvent                                 722            712
    Cottonseed refined                             745            735
    Cottonseed solvent                             700            690

    AKOLA
    Soyoil refined                                 763            755
    Soyoil Solvent                                 723            713        
    Cottonseed refined oil                         748          738 
    Cottonseed solvent                             705            695

    DHULIA
    Soyoil refined                                 764            750
  
    AURANGABAD
    Soyoil refined 
                                                762            755
    JALNA
    Soyoil refined 
                                                   761            755
    NANDED
    Soyoil refined                                 758            748
   
    Soyoil refined prices at other places in Maharashtra : Latur - 759, 
    Parbhani – 758, Koosnoor – 767, Solapur – 759, Sangli – 765.

    (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)                  29,000-29,500      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 – 29,300, Khamgaon – 28,500, Latur – 30,000, Nanded – 29,500,
    Solapur – 30,000, Dharwad – 30,200, Sangli – 30,300

WEATHER (NAGPUR)  
Maximum temp. 39.1 degree Celsius, minimum temp. 26.0 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 39 and 26 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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