March 12, 2018 / 8:13 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- March 12, 2018

Nagpur Soybean, Soyoil, Soymeal Open-March 12, 2018

Nagpur, Mar 12 (Reuters) – Soyabean and Cottonseed oil in edible section today declined sharply
in Vidarbha region of Western Maharashtra today on persistent selling by stockists amid good
supply from producing regions and weak trends in Madhya Pradesh oils. Sentiment turned bearish
because of release of stock from stockists and sharp fall on NCDEX. Trading activity in other
edible reported weak as no trader was in mood for any commitment because of downward trend in
Malaysian palm oil prices, according to sources.


                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Rapeseed, Linseed, Rapeseed,
    Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect downward trend in soyabean oil here.
    
   SOYMEAL

  * Soymeal prices today declined sharply on lack of demand from South-based traders. 
    Fresh fall in international soymeal prices also affected sentiment. 
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants amid weak supply 
    from producing regions. Fresh hike in Madhya Pradesh soyabean prices and reported 
    demand from South-based plants also helped to push up prices. 
    About 700 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    33,000-37,900       33,000-37,500         --
    (Available price)
    Market delivery    33,100-38,000       33,100-37,600          --
    (Traders price)
    Plant delivery     37,500-38,000       37,600-38,000          --

    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                   33,400-37,500
    Akola                  1,000               33,000-37,000
    Amravati               1,000               33,300-37,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            33,000-37,200 
    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 – 37,700, Washim – 38,200, Khamgaon – 37,000, Dhulia – 37,700, 
    Hingoli – 38,500, Jalna – 37,600, Nandurbar – 37,500, 
    Latur – 38,600, Nanded – 37,600, Solapur – 38,500, Sangli – 38,600.
        
    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         773            777
    Soyoil solvent crushing plant delivery         733            737    
    Cottonseed refined                             750            755
    Cottonseed solvent                             730            735
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          850            850
    Linseed oil                                    890            890
    Rapeseed oil (for 15 kg)                       1,300          1,300
    Castor oil (for 15 kg)                         1,520          1,520
    Coconut KP oil (for 15 kg)                     3,500          3,470

    AMRAVATI
    Soyoil refined                                 775            778
    Soyoil Solvent                                 745            740
    Cottonseed refined                             740            745
    Cottonseed solvent                             710            715

    AKOLA
    Soyoil refined                                 775            777
    Soyoil Solvent                                 745            741        
    Cottonseed refined oil                         750          753 
    Cottonseed solvent                             715            720

    DHULIA
    Soyoil refined                                 775            777
  
    AURANGABAD
    Soyoil refined 
                                                777            779
    JALNA
    Soyoil refined 
                                                   778            780
    NANDED
    Soyoil refined                                 757            760
   
    Soyoil refined prices at other places in Maharashtra : Latur - 758, 
    Parbhani – 780, Koosnoor – 780, Solapur – 758, Sangli – 780.

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

                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  32,000-32,500      32,500-33,000
      
    Soymeal prices at other places in Maharashtra : Akola – 32,000, 
    Washim – 32,600, Dhulia – 32,800, Hingoli – 33,700, Jalna – 34,000,
    Nandurbar – 32,600, Khamgaon – 32,300, Latur – 32,600, Nanded – 33,700,
    Parbhani – 32,500, Solapur – 33,500, Dharwad – 33,900, Sangli – 33,800

WEATHER (NAGPUR)  
Maximum temp. 35.0 degree Celsius, minimum temp. 17.2 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 35 and 17
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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