June 29, 2018 / 7:58 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 29, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 29, 2018

Nagpur, June 29 (Reuters) – In range-bound trade, major edible oil prices remained unchanged at
the Vidarbha region of Western Maharashtra today in the absence of worthwhile activity. Arrivals
and offtake too remained at a low ebb and volume of business poor. Absence of demand from
millers mainly kept major oil prices unchanged. No trader was in mood for any commitment,
adopting `wait and watch’ move because of fresh fall in American soya digam prices, according to
sources.



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

  * Soymeal prices today quoted static here on lack of demand from South-based traders.
    Fresh fall in overseas soymeal prices also affected sentiment.
         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. No takers to soyabean 
    oil & soymeal, easy condition in Madhya Pradesh soyabean prices and high moisture 
    content arrival also affected prices. 
    About 450 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    30,000-33,750       30,000-34,000         --
    (Available price)
    Market delivery    30,100-33,850       30,100-34,100          --
    (Traders price)
    Plant delivery     36,100-36,500       36,100-36,500          --

    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                   30,300-33,700
    Akola                  100                30,500-33,800
    Amravati               100                 30,100-33,600 
    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 – 36,300, Khamgaon – 36,600, Dhulia – 36,250, 
    Hingoli – 37,300, Jalna – 36,800, Nandurbar – 36,700, 
    Latur – 37,300, Nanded – 37,300, Solapur – 37,300, Sangli – 36,700.
        
    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         767            767
    Soyoil solvent crushing plant delivery         728            728    
    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            870
    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                                 766            766
    Soyoil Solvent                                 726            726
    Cottonseed refined                             740            740
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 767            767
    Soyoil Solvent                                 727            727        
    Cottonseed refined oil                         743          743 
    Cottonseed solvent                             693            693

    DHULIA
    Soyoil refined                                 760            760
  
    AURANGABAD
    Soyoil refined 
                                                764            764
    JALNA
    Soyoil refined 
                                                   764            764
    NANDED
    Soyoil refined                                 767            767
   
    Soyoil refined prices at other places in Maharashtra : Latur - 766, 
    Parbhani – 766, Koosnoor – 763, Solapur – 764, Sangli – 767.

    (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 – 29,000, 
    Washim – 29,400, Dhulia – 30,200, Hingoli – 30,500, Jalna – 30,300,
    Nandurbar – 29,500, Khamgaon – 28,500, Latur – 31,200, Nanded – 31,500,
    Solapur – 30,300, Dharwad – 31,000, Sangli – 31,000

WEATHER (NAGPUR)  
Maximum temp. 28.0 degree Celsius, minimum temp. 22.1 degree Celsius 
Rainfall : 69.3 mm
FORECAST: Generally cloudy sky with moderate rains likely. Maximum and minimum temperature would
be around and 28 and 22 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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