May 8, 2018 / 8:33 AM / 13 days ago

Nagpur Soybean, Soyoil, Soymeal Open- May 07, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 7, 2018

Nagpur, May 7 (Reuters) – Barring a rise in Soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Notable rise in demand from millers and retailers against
inadequate stocks mainly pushed Soyabean oil prices up. Strong rally in Malaysian palm oil also
boosted sentiment, sources said Monday.

                       *****
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 rise in Soyabean oil here.
    
   SOYMEAL

  * Soymeal prices today reported higher here on renewed demand from South-based traders.
         
   SOYABEAN
  * Soyabean prices firmed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid tight supply from 
    producing regions. Fresh hike in soyabean oil & soymeal, upward trend in Madhya 
    Pradesh soyabean prices and reported demand from South-based plants also jacked up 
    prices.
    About 400 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    31,000-36,900       30,600-36,000         --
    (Available price)
    Market delivery    31,100-37,000       30,700-36,100          --
    (Traders price)
    Plant delivery     37,700-38,000       37,500-38,000          --

    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                   32,300-36,500
    Akola                  500                31,500-36,300
    Amravati               500                 31,500-36,700 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,000-36,700 
    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 – 38,750, 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.
        
    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
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         760            758
    Soyoil solvent crushing plant delivery         720            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)                       1,280          1,270
    Castor oil (for 15 kg)                         1,430          1,430
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 762            760
    Soyoil Solvent                                 722            720
    Cottonseed refined                             740            740
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 761            760
    Soyoil Solvent                                 721            719        
    Cottonseed refined oil                         747          747 
    Cottonseed solvent                             718            718

    DHULIA
    Soyoil refined                                 771            768
  
    AURANGABAD
    Soyoil refined 
                                                767            765
    JALNA
    Soyoil refined 
                                                   764            762
    NANDED
    Soyoil refined                                 742            740
   
    Soyoil refined prices at other places in Maharashtra : Latur - 743, 
    Parbhani – 762, Koosnoor – 762, Solapur – 742, Sangli – 765.

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

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

WEATHER (NAGPUR)  
Maximum temp. 43.7 degree Celsius, minimum temp. 29.0 degree Celsius 
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 45 and 29 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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