May 9, 2018 / 8:10 AM / in 6 months

Nagpur Soybean, Soyoil, Soymeal Open- May 09, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 9, 2018

Nagpur, May 9 (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 Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower, Linseed, Rapeseed,
    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 but demand was poor.
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants. Fresh hike in 
    soyabean oil, upward trend in Madhya Pradesh soyabean prices and enquiries 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    31,000-36,700       31,000-36,400         --
    (Available price)
    Market delivery    31,100-36,800       31,100-36,500          --
    (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                   32,300-36,700
    Akola                  500                31,500-36,300
    Amravati               500                 31,200-36,500 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            32,000-36,500 
    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
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         762            760
    Soyoil solvent crushing plant delivery         722            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          1,280
    Castor oil (for 15 kg)                         1,410          1,410
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 764            762
    Soyoil Solvent                                 724            722
    Cottonseed refined                             740            740
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 764            761
    Soyoil Solvent                                 724            721        
    Cottonseed refined oil                         747          747 
    Cottonseed solvent                             718            718

    DHULIA
    Soyoil refined                                 776            773
  
    AURANGABAD
    Soyoil refined 
                                                769            767
    JALNA
    Soyoil refined 
                                                   766            764
    NANDED
    Soyoil refined                                 744            740
   
    Soyoil refined prices at other places in Maharashtra : Latur - 745, 
    Parbhani – 766, Koosnoor – 764, Solapur – 744, Sangli – 767.

    (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)                  30,700-31,000        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. 44.4 degree Celsius, minimum temp. 25.2 degree Celsius 
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 44 and 24 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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