March 23, 2018 / 7:57 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- March 23, 2018

Nagpur Soybean, Soyoil, Soymeal Open-March 23, 2018

Nagpur, Mar 23 (Reuters) – Quiet conditions developed in the major oil in the Vidarbha region of
Western Maharastra following ample supply against scattered deals. Buying activity declined as
no trader was in mood for any commitment. Fresh fall in international edible oils, downward
trend on NCDEX and weak trading activity on Madhya Pradesh oil market also affected sentiment,
sources said Friday.


                       *****
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 declined here on lack of demand from South-based traders. 
         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. No takers to 
    soyabean oil, weak trend in soymeal, easy condition in Madhya Pradesh soyabean prices 
    and high moisture content arrival also affected 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    32,000-36,600       32,500-36,800         --
    (Available price)
    Market delivery    32,100-36,700       32,600-36,900          --
    (Traders price)
    Plant delivery     37,900-38,300       37,900-38,500          --

    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                   32,900-36,500
    Akola                  500                32,500-36,500
    Amravati               500                 32,000-36,800 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,200-36,500 
    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 – 38,800, 
    Hingoli – 37,500, Jalna – 38,000, Nandurbar – 38,200, 
    Latur – 38,800, Nanded – 38,800, Solapur – 38,900, 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
                              
                                Friday’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)                         1,500          1,520
    Coconut KP oil (for 15 kg)                     3,470          3,470

    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                                 764            764
  
    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

                  Friday’s open     Previous Close
    Soymeal (Nagpur)                  31,500-31,800       31,500-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 31,000, 
    Washim – 31,000, Dhulia – 32,500, Hingoli – 32,600, Jalna – 32,700,
    Nandurbar – 32,300, Khamgaon – 31,200, Latur – 32,800, Nanded – 32,000,
    Parbhani – 32,300, Solapur – 32,600, Dharwad – 32,500, Sangli – 32,500

WEATHER (NAGPUR)  
Maximum temp. 38.4 degree Celsius, minimum temp. 16.8 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 39 and 179
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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