March 5, 2018 / 8:39 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- March 05, 2018

Nagpur Soybean, Soyoil, Soymeal Open-March 5, 2018

Nagpur, Mar 5 (Reuters) – Prices of selected edible oil firmed up strongly in Vidarbha region on
Western Maharashtra due to stockists demand amid weak supply from producing regions. Sharp rise
on NCDEX, upward trend in Madhya Pradesh edible oils and reported demand from South-based
traders also jacked up prices, sources said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Sunflower refined and Linseed oil today touched to a record 
    higher on increased demand from local traders. Government move to increase refined 
    plam oil import duty also boosted sentiment.
  * Groundnut loose, Groundnut refined, Rapeseed, Castor and Coconut KP oil ruled steady 
    here in limited deals. 
  * Traders expect further rise in Soyabean and Cottonseed oil here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor. 
         
   SOYABEAN
  * Soyabean prices recovered here in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants. Sharp rise in 
    soyabean oil in last two sessions, upward trend in Madhya Pradesh soyabean prices and 
    enquiries from South-based plants also helped to push up prices. 
    About 800 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    33,000-38,100       33,000-37,700         --
    (Available price)
    Market delivery    33,100-38,200       33,100-38,800          --
    (Traders price)
    Plant delivery     38,700-39,200       38,400-38,800          --

    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             500                   33,300-37,800
    Akola                  1,000               33,000-38,000
    Amravati               1,000               33,500-38,100 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            33,000-37,800 
    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 – 38,500, Washim – 37,500, Khamgaon – 38,800, Dhulia – 38,000, 
    Hingoli – 39,000, Jalna – 38,800, Nandurbar – 38,300, 
    Latur – 39,100, Nanded – 39,100, Solapur – 39,000, Sangli – 39,000.
        
    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         817            806
    Soyoil solvent crushing plant delivery         777            770    
    Cottonseed refined                             790            780
    Cottonseed solvent                             770            760
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          850            830
    Linseed oil                                    880            860
    Rapeseed oil (for 15 kg)                       1,300          1,300
    Castor oil (for 15 kg)                         1,520          1,520
    Coconut KP oil (for 15 kg)                     3,470          3,470

    AMRAVATI
    Soyoil refined                                 815            805
    Soyoil Solvent                                 775            765
    Cottonseed refined                             790            780
    Cottonseed solvent                             770            760

    AKOLA
    Soyoil refined                                 815            804
    Soyoil Solvent                                 775            763        
    Cottonseed refined oil                         790          780 
    Cottonseed solvent                             760            750

    DHULIA
    Soyoil refined                                 820            810
  
    AURANGABAD
    Soyoil refined 
                                                822            810
    JALNA
    Soyoil refined 
                                                   821            811
    NANDED
    Soyoil refined                                 823            814
   
    Soyoil refined prices at other places in Maharashtra : Latur - 825, 
    Parbhani – 818, Koosnoor – 818, Solapur – 820, Sangli – 820.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  33,000-33,500        33,000-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 33,500, 
    Washim – 33,500, Dhulia – 34,500, Hingoli – 34,500, Jalna – 34,500,
    Nandurbar – 34,600, Khamgaon – 32,500, Latur – 34,500, Nanded – 34,000,
    Parbhani – 34,000, Solapur – 34,000, Dharwad – 34,200, Sangli – 34,500

WEATHER (NAGPUR)  
Maximum temp. 36.4 degree Celsius, minimum temp. 19.4 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Possibility of rains and thunder-showers. Maximum and minimum
temperature would be around and 36 and 20 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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