May 4, 2018 / 8:45 AM / 18 days ago

Nagpur Soybean, Soyoil, Soymeal Open- May 04, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 4, 2018

Nagpur, May 4 (Reuters) – Barring a fall in Soyabean oil, major edible oil and non-edible oil
prices today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence
of any worthwhile trading activity. Slackness in demand from millers and retailers against
adequate stocks mainly pulled Soyabean oil prices down. Good recovery in international edible
oil market also affected sentiment, sources said Friday.

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

  * Soymeal prices today suffered heavily here on lack of demand from South-based traders. 
     Fresh fall in international soymeal prices also affected sentiment.
     
   SOYABEAN : Soyabean mandi of Nagpur APMC is officially open but no auction reported till 1.00
pm on third day because of payment crisis. The situation is likely to be eased by this evening,
according to sources.

    Soyabean plant prices at other places in Maharashtra : Adilabad – n.a., 
    Akola – 37,800, Washim – 38,750, Khamgaon – 37,500, Dhulia – 38,000, 
    Hingoli – 38,300, Jalna – 37,600, Nandurbar – 38,700, 
    Latur – 38,200, Nanded – 38,300, Solapur – 38,400, Sangli – 38,500.
  
                                                                        
        NAGPUR
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         755            758
    Soyoil solvent crushing plant delivery         715            717    
    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          1,430
    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                                 759            762
    Soyoil Solvent                                 721            722        
    Cottonseed refined oil                         750          750 
    Cottonseed solvent                             720            720

    DHULIA
    Soyoil refined                                 767            769
  
    AURANGABAD
    Soyoil refined 
                                                763            765
    JALNA
    Soyoil refined 
                                                   760            762
    NANDED
    Soyoil refined                                 743            745
   
    Soyoil refined prices at other places in Maharashtra : Latur - 743, 
    Parbhani – 758, Koosnoor – 758, Solapur – 743, Sangli – 761.

    (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)                  30,700-31,000        31,200-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 31,000, 
    Washim – 31,300, Dhulia – 31,500, Hingoli – 31,500, Jalna – 31,900,
    Nandurbar – 31,500, Khamgaon – 30,000, Latur – 32,200, Nanded – 32,300,
    Solapur – 31,500, Dharwad – 31,900, Sangli – 32,600

WEATHER (NAGPUR)  
Maximum temp. 37.9 degree Celsius, minimum temp. 22.8 degree Celsius 
Rainfall : nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 42 and 26
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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