March 30, 2018 / 8:21 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- March 30, 2018

Nagpur Soybean, Soyoil, Soymeal Open-March 30, 2018

Nagpur, Mar 30 (Reuters) – There was no change in major edible oil pattern of trading in the
Vidarbha region of Western Maharashtra today as prices continued to rule flat on little bouts of
buying against sporadic offtake, mainly kept the prices around previous levels. Traders adopted
wait and watch policy because of closure of international oil market on the occasion of Good
Friday, sources said Friday.


                       *****
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 steady trend in major edible and non-edible oils here.
    
   SOYMEAL

  * Soymeal prices today reported steady but demand was poor. 
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants. Healthy rise in 
    Madhya Pradesh soyabean prices and repeated enquiries from South-based plants also 
    jacked up prices here. 
    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    33,000-37,500       33,500-37,000         --
    (Available price)
    Market delivery    33,100-37,600       33,600-37,100          --
    (Traders price)
    Plant delivery     38,200-38,600       38,200-38,600          --

    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                   33,000-37,400
    Akola                  500                33,400-37,200
    Amravati               500                 33,200-37,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,900-37,500 
    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 – 38,800, 
    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
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         768            768
    Soyoil solvent crushing plant delivery         728            728    
    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            767
    Soyoil Solvent                                 727            727
    Cottonseed refined                             730            730
    Cottonseed solvent                             700            700

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

    DHULIA
    Soyoil refined                                 766            766
  
    AURANGABAD
    Soyoil refined 
                                                766            766
    JALNA
    Soyoil refined 
                                                   759            759
    NANDED
    Soyoil refined                                 756            756
   
    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

                  Friday’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 – 31,200, Dhulia – 33,000, Hingoli – 32,500, Jalna – 32,700,
    Nandurbar – 32,800, Khamgaon – 31,500, Latur – 32,500, Nanded – 32,200,
    Parbhani – 32,300, Solapur – 32,200, Dharwad – 32,300, Sangli – 33,300

WEATHER (NAGPUR)  
Maximum temp. 40.9 degree Celsius, minimum temp. 19.1 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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