March 6, 2018 / 8:21 AM / 8 months ago

Nagpur Soybean, Soyoil, Soymeal Open- March 06, 2018

Nagpur Soybean, Soyoil, Soymeal Open-March 6, 2018

Nagpur, Mar 6 (Reuters) – Soyabean and Cottonseed oil prices strengthened in Vidarbha region of
Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing
regions. Buying activity in edible oils picked up American soya digam climbed in overseas
markets. Healthy rise on NCDEX and reported demand from South-based traders also boosted prices,
sources said Tuesday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Rapeseed, Linseed, Rapeseed, Castor and Coconut
    KP oil ruled steady here in sluggish deals. 
  * Traders expect upward trend in Soyabean and Cottonseed oil here.
    
   SOYMEAL

  * Soymeal prices today firmed up here on increased demand from South-based traders. 
         
   SOYABEAN
  * Soyabean prices shot up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing regions. Healthy rise in soyabean oil in last two sessions, fresh hike in 
    Madhya Pradesh soyabean prices and reported demand from South-based plants also 
    boosted prices. 
    About 500 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    34,500-38,800       34,000-38,200         --
    (Available price)
    Market delivery    34,600-38,900       34,100-38,300          --
    (Traders price)
    Plant delivery     38,700-39,200       38,700-39,200          --

    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                   34,300-38,500
    Akola                  1,000               34,000-38,500
    Amravati               1,000               34,500-38,100 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            33,000-38,000 
    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 – 39,000, Washim – 39,000, Khamgaon – 38,800, Dhulia – 34,000, 
    Hingoli – 39,000, Jalna – 39,800, Nandurbar – 39,300, 
    Latur – 40,000, Nanded – 40,000, Solapur – 40,200, Sangli – 40,000.
        
    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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         782            777
    Soyoil solvent crushing plant delivery         742            737    
    Cottonseed refined                             755            750
    Cottonseed solvent                             735            730
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          850            850
    Linseed oil                                    880            880
    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                                 781            775
    Soyoil Solvent                                 741            735
    Cottonseed refined                             750            745
    Cottonseed solvent                             730            725

    AKOLA
    Soyoil refined                                 781            775
    Soyoil Solvent                                 740            735        
    Cottonseed refined oil                         755          750 
    Cottonseed solvent                             735            730

    DHULIA
    Soyoil refined                                 774            770
  
    AURANGABAD
    Soyoil refined 
                                                774            770
    JALNA
    Soyoil refined 
                                                   776            772
    NANDED
    Soyoil refined                                 759            752
   
    Soyoil refined prices at other places in Maharashtra : Latur - 759, 
    Parbhani – 779, Koosnoor – 778, Solapur – 760, Sangli – 782.

    (Please add 5 per cent Goods and Service Tax in oil prices.)
                                     
Nagpur soymeal prices in rupees per tonne

                  Tuesday’s open     Previous Close
    Soymeal (Nagpur)                  33,300-33,800      33,000-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 34,000, 
    Washim – 33,500, Dhulia – 34,200, Hingoli – 34,500, Jalna – 34,500,
    Nandurbar – 34,000, Khamgaon – 33,500, Latur – 34,500, Nanded – 34,000,
    Parbhani – 34,000, Solapur – 33,800, Dharwad – 34,200, Sangli – 35,000

WEATHER (NAGPUR)  
Maximum temp. 36.6 degree Celsius, minimum temp. 20.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 37 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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