March 26, 2018 / 8:24 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- March 26, 2018

Nagpur Soybean, Soyoil, Soymeal Open-March 26, 2018

Nagpur, Mar 26 (Reuters) – Soyabean oil prices reported down 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. Easy condition on NCDEX, downward trend in Madhya Pradesh
soyabean oil and release of stock from stockists also pulled down prices. 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
  * Cottonseed, Groundnut loose, Groundnut refined, Rapeseed, Linseed, Rapeseed, 
    Castor and coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect weak trend in soyabean oil here.
    
   SOYMEAL

  * Soymeal prices today recovered here on good buying support from South-based traders. 
    Notable rise in overseas soymeal prices also boosted sentiment. 
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply from 
    producing regions. Fresh hike in soymeal, upward trend on NCDEX and good recovery in 
    Madhya Pradesh soyabean prices also helped to push up 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    32,000-36,750       32,000-36,500         --
    (Available price)
    Market delivery    32,100-36,850       32,100-36,600          --
    (Traders price)
    Plant delivery     37,900-38,300       37,900-38,300          --

    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                   32,300-36,300
    Akola                  500                32,500-36,100
    Amravati               500                 32,500-36,300 
    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 – 37,300, Dhulia – 38,600, 
    Hingoli – 39,000, Jalna – 38,400, Nandurbar – 38,500, 
    Latur – 39,000, Nanded – 39,000, Solapur – 39,000, Sangli – 39,000.
        
    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         765            768
    Soyoil solvent crushing plant delivery         725            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          1,500
    Coconut KP oil (for 15 kg)                     3,470          3,470

    AMRAVATI
    Soyoil refined                                 767            769
    Soyoil Solvent                                 727            728
    Cottonseed refined                             735            735
    Cottonseed solvent                             703            703

    AKOLA
    Soyoil refined                                 765            767
    Soyoil Solvent                                 726            728        
    Cottonseed refined oil                         750          750 
    Cottonseed solvent                             705            705

    DHULIA
    Soyoil refined                                 762            764
  
    AURANGABAD
    Soyoil refined 
                                                762            764
    JALNA
    Soyoil refined 
                                                   755            757
    NANDED
    Soyoil refined                                 753            756
   
    Soyoil refined prices at other places in Maharashtra : Latur - 753, 
    Parbhani – 759, Koosnoor – 759, Solapur – 753, Sangli – 764.

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

                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  31,600-32,000       31,500-31,800
      
    Soymeal prices at other places in Maharashtra : Akola – 31,000, 
    Washim – 31,300, Dhulia – 33,000, Hingoli – 32,600, Jalna – 32,700,
    Nandurbar – 32,600, Khamgaon – 32,000, Latur – 32,700, Nanded – 32,000,
    Parbhani – 32,300, Solapur – 32,800, Dharwad – 32,500, Sangli – 33,000

WEATHER (NAGPUR)  
Maximum temp. 39.0 degree Celsius, minimum temp. 19.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 40 and 19 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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