March 13, 2018 / 8:15 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- March 13, 2018

Nagpur Soybean, Soyoil, Soymeal Open-March 13, 2018

Nagpur, Mar 13 (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 sharp fall in international edible oils, according to
sources.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Rapeseed, 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 on subdued demand from local traders amid 
    ample stock in ready position. 
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. No takers to 
    soyabean oil & soymeal, easy condition on NCDEX and fresh fall in Madhya Pradesh 
    soyabean prices also affected sentiment. 
    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    32,500-36,500       33,000-37,000         --
    (Available price)
    Market delivery    33,100-36,600       33,100-37,100          --
    (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                   33,000-36,500
    Akola                  1,000               32,800-36,000
    Amravati               1,000               33,000-36,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            32,800-36,600 
    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 – 38,400, Jalna – 37,600, Nandurbar – 37,500, 
    Latur – 38,400, Nanded – 38,300, 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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         775            775
    Soyoil solvent crushing plant delivery         735            735    
    Cottonseed refined                             750            750
    Cottonseed solvent                             730            730
    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            745
    Cottonseed refined                             740            740
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 775            775
    Soyoil Solvent                                 745            745        
    Cottonseed refined oil                         750          750 
    Cottonseed solvent                             715            715

    DHULIA
    Soyoil refined                                 775            775
  
    AURANGABAD
    Soyoil refined 
                                                777            777
    JALNA
    Soyoil refined 
                                                   778            778
    NANDED
    Soyoil refined                                 755            755
   
    Soyoil refined prices at other places in Maharashtra : Latur - 755, 
    Parbhani – 780, Koosnoor – 780, Solapur – 755, Sangli – 780.

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

                  Tuesday’s open     Previous Close
    Soymeal (Nagpur)                  32,000-32,500      32,000-32,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,200, 
    Washim – 32,600, Dhulia – 32,000, Hingoli – 33,200, Jalna – 33,500,
    Nandurbar – 32,000, Khamgaon – 31,500, Latur – 33,300, Nanded – 33,700,
    Parbhani – 32,500, Solapur – 33,500, Dharwad – 33,900, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 37.0 degree Celsius, minimum temp. 18.7 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 37 and 18 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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