Nagpur Soybean, Soyoil, Soymeal Open-March 27, 2018
Nagpur, Mar 27 (Reuters) – In range-bound trade, soyabean and cottonseed oil prices moved down
at the Vidarbha region of Western Maharashtra today largely on reduced offtake amid weak global
trend. Sentiment turned bearish after Malaysian palm oil reported downward trend. Fresh fall on
NCDEX in soyabean and easy condition in Madhya Pradesh soyabean oil also affected sentiment,
according to sources.
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VIDARBHA MARKETS
OILS
* Groundnut loose, Groundnut refined, Rapeseed, Linseed, Rapeseed,
Castor and coconut KP oil ruled steady here in weak trading activity.
* Traders expect further fall in soyabean and cottonseed oil here.
SOYMEAL
* Soymeal prices today ruled steady here but demand was poor.
SOYABEAN
* Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing
Committee (APMC) on good buying support from local crushing plants amid weak supply
from producing belts. Good recovery in Madhya Pradesh soyabean prices and reported
demand from South-based plants also boosted prices.
About 400 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 33,000-37,100 32,500-36,800 --
(Available price)
Market delivery 33,100-37,200 32,600-36,900 --
(Traders price)
Plant delivery 38,000-38,400 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 32,800-36,300
Akola 500 33,000-36,200
Amravati 500 34,000-36,500
Khamgaon n.a. n.a.
Wardha 500 34,200-37,500
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 – 38,250, Khamgaon – 37,300, Dhulia – 38,600,
Hingoli – 39,100, Jalna – 38,200, Nandurbar – 38,500,
Latur – 39,100, Nanded – 39,100, Solapur – 39,400, 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
Tuesday’s open Previous close
Soyoil refined crushing plant delivery 763 765
Soyoil solvent crushing plant delivery 723 726
Cottonseed refined 745 750
Cottonseed solvent 725 730
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 765 767
Soyoil Solvent 725 727
Cottonseed refined 730 735
Cottonseed solvent 700 703
AKOLA
Soyoil refined 766 767
Soyoil Solvent 724 728
Cottonseed refined oil 745 750
Cottonseed solvent 700 705
DHULIA
Soyoil refined 760 762
AURANGABAD
Soyoil refined
761 764
JALNA
Soyoil refined
754 757
NANDED
Soyoil refined 752 756
Soyoil refined prices at other places in Maharashtra : Latur - 752,
Parbhani – 757, Koosnoor – 757, Solapur – 752, Sangli – 762.
(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) 31,600-32,000 31,600-32,000
Soymeal prices at other places in Maharashtra : Akola – 31,000,
Washim – 31,300, Dhulia – 33,000, Hingoli – 33,500, Jalna – 32,700,
Nandurbar – 32,600, Khamgaon – 32,000, Latur – 32,700, Nanded – 32,000,
Parbhani – 32,300, Solapur – 33,200, Dharwad – 33,000, Sangli – 33,000
WEATHER (NAGPUR)
Maximum temp. 39.4 degree Celsius, minimum temp. 17.2 degree Celsius
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 39 and 17 degree
Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.