March 27, 2018 / 8:16 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- March 27, 2018

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.


                       *****
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.
    

  
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