March 20, 2018 / 9:02 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- March 20, 2018

Nagpur Soybean, Soyoil, Soymeal Open-March 20, 2018

Nagpur, Mar 20 (Reuters) – The slide in Soyabean oil prices continued unabated in Vidarbha
region of Western Maharashtra for second day today on persistent selling by stockists amid good
supply from producing regions and weak trends in overseas markets. Sentiment turned bearish as
Malaysian palm oil and American soya digam reported down. Fresh fall on NCDEX in Soyabean oil
and downward trend in Madhya Pradesh edible oil prices also affected sentiment, according to
sources.


                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Rapeseed, Linseed, Rapeseed 
    and Castor oil ruled steady here in thin trading activity. 
  * Traders expect downward trend in Soyabean oil prices here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here on subdued demand from South-based traders 
    amid ample stock in ready position. 
         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants amid good supply from 
    producing belts. Fresh fall in soyabean oil, no takers to soymeal, downward trend on 
    NCDEX and weak condition in Madhya Pradesh soyabean oil prices also affected 
    sentiment. 
    About 300 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    32,000-36,700       32,500-37,000         --
    (Available price)
    Market delivery    32,100-36,800       32,600-37,100          --
    (Traders price)
    Plant delivery     37,800-38,300       37,800-38,300          --

    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                   32,500-36,500
    Akola                  500                32,300-36,300
    Amravati               500                 32,300-37,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,000-36,900 
    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 – 37,800, Washim – 38,000, Khamgaon – 37,500, Dhulia – 38,500, 
    Hingoli – 38,300, Jalna – 38,250, Nandurbar – 38,000, 
    Latur – 38,300, Nanded – 37,900, Solapur – 38,700, Sangli – 38,800.
        
    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         768            769
    Soyoil solvent crushing plant delivery         728            729    
    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)                     3,450          3,450

    AMRAVATI
    Soyoil refined                                 768            770
    Soyoil Solvent                                 728            730
    Cottonseed refined                             748            748
    Cottonseed solvent                             703            703

    AKOLA
    Soyoil refined                                 768            770
    Soyoil Solvent                                 728            730        
    Cottonseed refined oil                         750          750 
    Cottonseed solvent                             705            705

    DHULIA
    Soyoil refined                                 767            769
  
    AURANGABAD
    Soyoil refined 
                                                764            766
    JALNA
    Soyoil refined 
                                                   757            762
    NANDED
    Soyoil refined                                 750            752
   
    Soyoil refined prices at other places in Maharashtra : Latur - 755, 
    Parbhani – 761, Koosnoor – 761, Solapur – 748, Sangli – 766.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.)
                                     
Nagpur soymeal prices in rupees per tonne

                  Tuesday’s open     Previous Close
    Soymeal (Nagpur)                  31,500-32,000      31,500-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 32,000, 
    Washim – 31,300, Dhulia – 32,500, Hingoli – 32,800, Jalna – 32,400,
    Nandurbar – 32,300, Khamgaon – 31,000, Latur – 32,800, Nanded – 32,000,
    Parbhani – 32,300, Solapur – 33,800, Dharwad – 32,800, Sangli – 33,000

WEATHER (NAGPUR)  
Maximum temp. 37.2 degree Celsius, minimum temp. 22.6 degree Celsius 
Rainfall : 0.3 mm
FORECAST: Partly cloudy sky with possibility of thundery development. Maximum and minimum
temperature would be around and 37 and 23 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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