March 29, 2018 / 7:54 AM / 5 months ago

Nagpur Soybean, Soyoil, Soymeal Open- March 29, 2018

Nagpur Soybean, Soyoil, Soymeal Open-March 29, 2018

Nagpur, Mar 29 (Reuters) – Soyabean oil prices strengthened in Vidarbha region of Western
Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing regions.
Buying activity in edible oils picked up as American soya digam climbed in overseas markets.
Healthy rise in Madhya Pradesh soyabean prices prices and reported demand from South-based
traders also boosted prices, sources said Thursday.


                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Rapeseed, Linseed, Rapeseed, 
    Castor and coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect further rise in Soyabean oil prices here.
    
   SOYMEAL

  * Soymeal prices today moved down here on poor demand from South-based traders. Easy
    condition in international soymeal prices also affected sentiment. 
         
   SOYABEAN
  * Soyabean prices recovered in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good seasonal demand from local crushing plants. Fresh rise in 
    Madhya Pradesh soyabean prices, notable rise in soyabean oil and reported demand from 
    South-based plants also helped to push up prices. 
    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    34,000-36,700       33,300-36,700         --
    (Available price)
    Market delivery    34,100-36,800       33,400-36,800          --
    (Traders price)
    Plant delivery     38,200-38,600       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                   33,400-36,400
    Akola                  500                33,400-36,200
    Amravati               500                 33,500-37,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,900-36,800 
    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 – 39,400, Jalna – 38,200, Nandurbar – 38,500, 
    Latur – 39,400, Nanded – 39,400, 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
                              
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         768            763
    Soyoil solvent crushing plant delivery         728            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                                 767            765
    Soyoil Solvent                                 727            725
    Cottonseed refined                             730            730
    Cottonseed solvent                             700            700

    AKOLA
    Soyoil refined                                 767            766
    Soyoil Solvent                                 727            724        
    Cottonseed refined oil                         745          745 
    Cottonseed solvent                             700            700

    DHULIA
    Soyoil refined                                 766            761
  
    AURANGABAD
    Soyoil refined 
                                                766            763
    JALNA
    Soyoil refined 
                                                   759            754
    NANDED
    Soyoil refined                                 756            752
   
    Soyoil refined prices at other places in Maharashtra : Latur - 756, 
    Parbhani – 763, Koosnoor – 765, Solapur – 756, Sangli – 767.

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

                  Thursday’s open     Previous Close
    Soymeal (Nagpur)                  31,500-31,800       31,600-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 31,300, 
    Washim – 31,200, Dhulia – 32,700, Hingoli – 33,000, Jalna – 32,700,
    Nandurbar – 32,500, Khamgaon – 30,800, Latur – 32,500, Nanded – 32,200,
    Parbhani – 32,300, Solapur – 32,200, Dharwad – 32,300, Sangli – 33,000

WEATHER (NAGPUR)  
Maximum temp. 40.9 degree Celsius, minimum temp. 19.4 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 41 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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