May 8, 2018 / 8:53 AM / 16 days ago

Nagpur Soybean, Soyoil, Soymeal Open- May 08, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 8, 2018

Nagpur, May 8 (Reuters) – The prices of Castor oil in non-edible section today declined 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 Malaysian palm oil prices, sources said Tuesday.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower, Linseed, 
    Rapeseed and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL

  * Soymeal prices today ruled steady in open market here on subdued demand from local 
    traders amid ample stock in ready position.
         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. No takers to soyabean oil 
    & soymeal, easy condition in Madhya Pradesh soyabean prices and high moisture content 
    arrival also affected prices.
    About 200 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    31,000-36,000       30,600-36,500         --
    (Available price)
    Market delivery    31,100-36,100       30,700-36,600          --
    (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 – 38,200, Jalna – 37,600, Nandurbar – 38,700, 
    Latur – 38,100, Nanded – 38,200, Solapur – 38,300, 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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         760            760
    Soyoil solvent crushing plant delivery         720            720    
    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)                         1,410          1,430
    Coconut KP oil (for 15 kg)                     3,500          3,500

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

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

    DHULIA
    Soyoil refined                                 774            774
  
    AURANGABAD
    Soyoil refined 
                                                767            767
    JALNA
    Soyoil refined 
                                                   764            764
    NANDED
    Soyoil refined                                 742            742
   
    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

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

WEATHER (NAGPUR)  
Maximum temp. 44.5 degree Celsius, minimum temp. 27.5 degree Celsius 
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 45 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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