June 22, 2018 / 7:58 AM / in 5 months

Nagpur Soybean, Soyoil, Soymeal Open- JUN 22, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 22, 2018

Nagpur, June 22 (Reuters) – Groundnut and Sunflower oil prices rose up in Vidarbha region of
Western Maharashtra on fresh buying by Vansaspati millers for the marriage season amid a firming
trend in producing regions like Gujarath and Tamilnadu. Weak supply from producing regions and
reported demand of traders of other states also boosted prices. Trading activity in other edible
oils reported weak because of fresh fall in international edible oil prices, according to
sources.

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

  * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increasd demand from local crushing plants. Fresh rise on NCDEX, 
    upward trend in Madhya Pradesh soyabean prices and reported demand from South-based 
    plants also jacked up prices. Heavy rains yesterday evening affected arrival. 
    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    31,500-33,750       31,000-33,750         --
    (Available price)
    Market delivery    31,600-33,850       31,100-33,850          --
    (Traders price)
    Plant delivery     35,400-35,800       35,500-35,800          --

    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                   31,500-33,800
    Akola                  100                31,200-33,700
    Amravati               100                 31,500-33,900 
    Khamgaon               n.a.                   n.a.
    Wardha                 n.a.            n.a. 
    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 – 36,700, Washim – 36,700, Khamgaon – 36,400, Dhulia – 36,800, 
    Hingoli – 36,800, Jalna – 36,800, Nandurbar – 36,900, 
    Latur – 36,800, Nanded – 36,800, Solapur – 36,800, Sangli – 36,800.
        
    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         756            756
    Soyoil solvent crushing plant delivery         716            716    
    Cottonseed refined                             735            735
    Cottonseed solvent                             710            710
    Groundnut oil (loose)                          1,000          1,010
    Groundnut oil refined (15 Litre)               1,570          1,590
    Sunflower oil refined                          870            880
    Linseed oil                                    830            830
    Rapeseed oil (for 15 kg)                       1,320          1,320
    Castor oil (for 15 kg)                         1,410          1,410
    Coconut KP oil (for 15 kg)                     3,420          3,420

    AMRAVATI
    Soyoil refined                                 757            757
    Soyoil Solvent                                 717            714
    Cottonseed refined                             740            740
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 755            755
    Soyoil Solvent                                 715            715        
    Cottonseed refined oil                         743          743 
    Cottonseed solvent                             693            693

    DHULIA
    Soyoil refined                                 757            757
  
    AURANGABAD
    Soyoil refined 
                                                757            757
    JALNA
    Soyoil refined 
                                                   755            755
    NANDED
    Soyoil refined                                 756            756
   
    Soyoil refined prices at other places in Maharashtra : Latur - 756, 
    Parbhani – 757, Koosnoor – 754, Solapur – 755, Sangli – 759.

    (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 – 28,600, 
    Washim – 29,400, Dhulia – 29,500, Hingoli – 30,500, Jalna – 29,500,
    Nandurbar – 29,200, Khamgaon – 28,300, Latur – 30,000, Nanded – 30,200,
    Solapur – 30,500, Dharwad – 30,500, Sangli – 30,300

WEATHER (NAGPUR)  
Maximum temp. 38.0 degree Celsius, minimum temp. 24.0 degree Celsius 
Rainfall : 23.3 mm
FORECAST: Generally cloudy sky with chances of moderate rains. Maximum and minimum temperature
would be around and 37 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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