March 28, 2018 / 7:52 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- March 28, 2018

Nagpur Soybean, Soyoil, Soymeal Open-March 28, 2018

Nagpur, Mar 28 (Reuters) – Steady condition developed in major edible oils in Vidarbha region of
Western Maharashtra following restricted arrival against sporadic demand. Sufficient ready
stocks position compared to current demand largely held prices around overnight levels. Easy
condition in Malaysian palm oil also affected sentiment, sources said Wednesday.


                       *****
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 and non-edible oils here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor. 
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of buying support from local crushing plants. No takers to 
    soyabean oil & soymeal, weak trend on NCDEX and downward trend in Madhya Pradesh 
    soyabean prices also affected sentiment in limited deals. 
    About 300 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    32,000-37,000       32,500-36,800         --
    (Available price)
    Market delivery    32,100-37,100       32,600-36,900          --
    (Traders price)
    Plant delivery     38,000-38,500       38,000-38,500          --

    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                   32,400-36,300
    Akola                  500                32,400-36,200
    Amravati               500                 33,000-37,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,200-37,000 
    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 – 38,800, 
    Hingoli – 39,200, Jalna – 38,200, Nandurbar – 38,500, 
    Latur – 39,200, Nanded – 39,200, Solapur – 39,500, 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
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         763            763
    Soyoil solvent crushing plant delivery         723            723    
    Cottonseed refined                             745            745
    Cottonseed solvent                             725            725
    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            765
    Soyoil Solvent                                 725            725
    Cottonseed refined                             730            730
    Cottonseed solvent                             700            700

    AKOLA
    Soyoil refined                                 766            766
    Soyoil Solvent                                 724            724        
    Cottonseed refined oil                         745          745 
    Cottonseed solvent                             700            700

    DHULIA
    Soyoil refined                                 761            761
  
    AURANGABAD
    Soyoil refined 
                                                761            761
    JALNA
    Soyoil refined 
                                                   754            754
    NANDED
    Soyoil refined                                 750            750
   
    Soyoil refined prices at other places in Maharashtra : Latur - 750, 
    Parbhani – 757, Koosnoor – 757, Solapur – 750, Sangli – 762.

    (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)                  31,600-32,000       31,600-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 31,500, 
    Washim – 31,300, Dhulia – 32,800, Hingoli – 33,000, Jalna – 32,700,
    Nandurbar – 32,600, Khamgaon – 31,000, Latur – 32,800, Nanded – 32,200,
    Parbhani – 32,300, Solapur – 33,200, Dharwad – 33,300, Sangli – 33,000

WEATHER (NAGPUR)  
Maximum temp. 40.2 degree Celsius, minimum temp. 18.3 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 40 and 18 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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