May 3, 2018 / 8:48 AM / 23 days ago

Nagpur Soybean, Soyoil, Soymeal Open- May 03, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 03, 2018

Nagpur, May 3 (Reuters) – The slide in Soyabean oil prices continued unabated in Vidarbha region
of Western Maharashtra for second day today on persistent selling by stockists amid good supply
from producing regions and weak trends in overseas markets. Sentiment turned bearish as
Malaysian palm oil reported down. Fresh fall in Madhya Pradesh Soyabean oil prices also affected
sentiment, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower, Linseed, Rapeseed, Castor
    and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect downward trend in Soyabean oil here.
    
   SOYMEAL

  * Soymeal prices today ruled steady in open market here but demand was poor in limited 
    deals.
         
   SOYABEAN : Soyabean mandi of Nagpur APMC is officially open but no auction reported till 1.00
pm on second day because of payment crisis. Brokers were reluctant to participate in the
auctions as some companies failed to give payments.

    Soyabean plant prices at other places in Maharashtra : Adilabad – n.a., 
    Akola – 37,800, Washim – 38,750, Khamgaon – 37,500, Dhulia – 38,000, 
    Hingoli – 38,500, Jalna – 37,600, Nandurbar – 38,700, 
    Latur – 38,400, Nanded – 38,400, Solapur – 38,600, Sangli – 38,500.
  
                                                                        
        NAGPUR
                              
                                             Wednesday’s open    Previous close   
   
    Soyoil refined crushing plant delivery         758            761
    Soyoil solvent crushing plant delivery         718            721    
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720
    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          1,270
    Castor oil (for 15 kg)                         1,430          1,450
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 760            762
    Soyoil Solvent                                 721            722
    Cottonseed refined                             743            743
    Cottonseed solvent                             713            713

    AKOLA
    Soyoil refined                                 760            763
    Soyoil Solvent                                 721            723        
    Cottonseed refined oil                         750          750 
    Cottonseed solvent                             720            720

    DHULIA
    Soyoil refined                                 769            771
  
    AURANGABAD
    Soyoil refined 
                                                765            767
    JALNA
    Soyoil refined 
                                                   762            764
    NANDED
    Soyoil refined                                 745            747
   
    Soyoil refined prices at other places in Maharashtra : Latur - 745, 
    Parbhani – 760, Koosnoor – 760, Solapur – 745, Sangli – 763.

    (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)                  31,200-31,500        31,200-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 31,300, 
    Washim – 31,700, Dhulia – 32,000, Hingoli – 32,000, Jalna – 32,500,
    Nandurbar – 31,800, Khamgaon – 30,500, Latur – 32,000, Nanded – 32,300,
    Solapur – 31,800, Dharwad – 32,400, Sangli – 33,000

WEATHER (NAGPUR)  
Maximum temp. 43.9 degree Celsius, minimum temp. 27.4 degree Celsius 
Rainfall : nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 46 and 27
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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