March 21, 2018 / 7:59 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- March 21, 2018

Nagpur Soybean, Soyoil, Soymeal Open-March 21, 2018

Nagpur, Mar 21 (Reuters) – There was negligible change in the edible oil pattern of trading in
the Vidarbha region of Western Maharashtra today as prices hovered around last levels in absence
of any worthwhile moving factors. Restricted arrivals against sporadic demand mainly kept major
oil prices unaltered. No trader was in mood for any commitment because of weak trend in
Malaysian palm oil, downward trend in American soya digam prices and easy condition in Madhya
Pradesh Soyabean oil, according to sources.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Rapeseed, Linseed, Rapeseed 
    and Castor 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 but demand was poor in limited deals. 
         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants amid high moisture 
    content arrival. No takers to soyabean oil & soymeal, sharp fall on 
    NCDEX and easy condition in Madhya Pradesh soyabean oil prices also affected morale 
    of crushing plants. 
    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    32,000-36,350       32,000-36,700         --
    (Available price)
    Market delivery    32,100-36,450       32,100-36,800          --
    (Traders price)
    Plant delivery     37,800-38,400       37,800-38,400          --

    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                   32,500-36,400
    Akola                  500                32,300-36,300
    Amravati               500                 32,200-36,500 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,000-36,500 
    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 – 37,000, Dhulia – 39,000, 
    Hingoli – 38,300, Jalna – 38,250, Nandurbar – 38,200, 
    Latur – 38,800, Nanded – 38,000, Solapur – 38,700, Sangli – 38,500.
        
    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
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         768            768
    Soyoil solvent crushing plant delivery         728            728    
    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                                 769            769
    Soyoil Solvent                                 728            728
    Cottonseed refined                             735            735
    Cottonseed solvent                             703            703

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

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

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

                  Wednesday’s open     Previous Close
    Soymeal (Nagpur)                  31,500-32,000       31,500-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 32,200, 
    Washim – 31,300, Dhulia – 32,000, Hingoli – 32,800, Jalna – 33,200,
    Nandurbar – 31,800, 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. 37.9 degree Celsius, minimum temp. 22.9 degree Celsius 
Rainfall : 0.3 mm
FORECAST: Partly cloudy sky with possibility of rains or thunder-showers. Maximum and minimum
temperature would be around and 37 and 22 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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