June 25, 2018 / 8:10 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 25, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 25, 2018

Nagpur, June 25 (Reuters) – Soyabean 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. Good recovery in Madhya Pradesh soyabean oil prices also boosted
sentiment. Trading activity in other edible oils reported weak because of downward trend in
international edible oils, according to sources.


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

  * Soymeal prices today ruled steady here but demand was poor in thin trading activity.
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. No takers to 
    soymeal and easy condition in Madhya Pradesh soyabean prices also pulled down prices 
    in thin trading activity. 
    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    30,000-33,300       30,500-33,300         --
    (Available price)
    Market delivery    30,100-33,400       30,600-33,400          --
    (Traders price)
    Plant delivery     35,250-35,750       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                   30,500-33,600
    Akola                  100                30,800-33,300
    Amravati               100                 30,600-33,600 
    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 – 36,000, Washim – 36,100, Khamgaon – 36,400, Dhulia – 36,800, 
    Hingoli – 36,400, Jalna – 36,600, Nandurbar – 36,500, 
    Latur – 36,400, Nanded – 36,400, Solapur – 36,400, Sangli – 36,600.
        
    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
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         760            756
    Soyoil solvent crushing plant delivery         720            716    
    Cottonseed refined                             735            735
    Cottonseed solvent                             710            710
    Groundnut oil (loose)                          990            990
    Groundnut oil refined (15 Litre)               1,560          1,560
    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                                 761            757
    Soyoil Solvent                                 721            714
    Cottonseed refined                             740            740
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 760            755
    Soyoil Solvent                                 720            715        
    Cottonseed refined oil                         743          743 
    Cottonseed solvent                             693            693

    DHULIA
    Soyoil refined                                 758            756
  
    AURANGABAD
    Soyoil refined 
                                                760            757
    JALNA
    Soyoil refined 
                                                   759            755
    NANDED
    Soyoil refined                                 761            758
   
    Soyoil refined prices at other places in Maharashtra : Latur - 760, 
    Parbhani – 760, Koosnoor – 758, Solapur – 759, Sangli – 762.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.)
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’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 – 29,700, Hingoli – 30,500, Jalna – 30,000,
    Nandurbar – 29,500, Khamgaon – 28,300, Latur – 30,400, Nanded – 30,200,
    Solapur – 30,500, Dharwad – 30,500, Sangli – 30,300

WEATHER (NAGPUR)  
Maximum temp. 36.1 degree Celsius, minimum temp. 26.1 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with chances of light rains. Maximum and minimum temperature
would be around and 37 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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