May 2, 2018 / 9:06 AM / 25 days ago

Nagpur Soybean, Soyoil, Soymeal Open- May 02, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 2, 2018

Nagpur, May 2 (Reuters) – The prices of Soyabean and Cottonseed in edible section and  Rapeseed
& Castor oils in non-edible section today tumble in the Vidarbha region of Western Maharashtra
largely in tandem with weakening prices in producing belts. Trading sentiment turned bearish
after release of stock from stockists. Trading activity in other edible oils reported weak as no
trader was in mood for any commitment because of downward trend in American soya digam prices,
sources said Wednesday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Sunflower, Linseed, 
    and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further fall in Soyabean and Cottonseed oils here.
    
   SOYMEAL

  * Soymeal prices today declined sharply here on lack of demand from local traders amid 
    profit-taking selling by stockists at higher level.
         
   SOYABEAN : Soyabean mandi of Nagpur APMC is officially open but no auction reported till 1.00
pm because of payment crisis. Brokers were reluctant to participate in the auctions as some
companies failed to give payments.
  
                                                                        
        NAGPUR
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         760            765
    Soyoil solvent crushing plant delivery         720            725    
    Cottonseed refined                             740            735
    Cottonseed solvent                             720            725
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          880            880
    Linseed oil                                    810            810
    Rapeseed oil (for 15 kg)                       1,270          1,280
    Castor oil (for 15 kg)                         1,430          1,450
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 761            765
    Soyoil Solvent                                 721            726
    Cottonseed refined                             740            745
    Cottonseed solvent                             710            715

    AKOLA
    Soyoil refined                                 761            766
    Soyoil Solvent                                 721            724        
    Cottonseed refined oil                         745          750 
    Cottonseed solvent                             708            713

    DHULIA
    Soyoil refined                                 768            771
  
    AURANGABAD
    Soyoil refined 
                                                760            763
    JALNA
    Soyoil refined 
                                                   762            767
    NANDED
    Soyoil refined                                 748            755
   
    Soyoil refined prices at other places in Maharashtra : Latur - 748, 
    Parbhani – 760, Koosnoor – 763, Solapur – 750, Sangli – 763.

    (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)                  30,500-31,000        31,200-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 30,800, 
    Washim – 31,700, Dhulia – 31,800, Hingoli – 32,000, Jalna – 32,500,
    Nandurbar – 31,300, Khamgaon – 30,200, Latur – 32,000, Nanded – 32,300,
    Solapur – 32,500, Dharwad – 32,400, Sangli – 32,500

WEATHER (NAGPUR)  
Maximum temp. 45.5 degree Celsius, minimum temp. 27.6 degree Celsius 
Rainfall : nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 46 and 28
degree Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.

            *    *     *    *    *    *
    

  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below