May 10, 2018 / 8:31 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 10, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 10, 2018

Nagpur, May 10 (Reuters) – The rising trend in Soyabean oil remained unabated for the second
straight day today in Vidarbha region of Central Maharashtra as prices rise further on increased
buying by vanaspati millers for the ongoing marriage season, amid a firm overseas trend.
Sentiment remained strong, as soya digam oil prices rose in America. Healthy rise on NCDEX and
firm trend in Madhya Pradesh Soyabean oil prices also boosted sentiment, sources said Thursday.


                       *****
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 ruled steady but demand was poor.
         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. Notable rise in soyabean 
    oil in last two session, good recovery on NCDEX and upward trend in Madhya Pradesh 
    soyabean prices also helped to push up prices.
    About 700 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    31,500-36,400       31,000-36,400         --
    (Available price)
    Market delivery    31,600-36,500       31,100-36,500          --
    (Traders price)
    Plant delivery     37,800-38,200       37,700-38,000          --

    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                   31,7000-36,600
    Akola                  500                31,400-36,300
    Amravati               500                 31,400-36,600 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            31,600-36,600 
    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
                              
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         765            762
    Soyoil solvent crushing plant delivery         725            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)                       1,280          1,280
    Castor oil (for 15 kg)                         1,410          1,410
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 766            762
    Soyoil Solvent                                 726            722
    Cottonseed refined                             740            740
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 766            761
    Soyoil Solvent                                 726            721        
    Cottonseed refined oil                         747          747 
    Cottonseed solvent                             718            718

    DHULIA
    Soyoil refined                                 778            775
  
    AURANGABAD
    Soyoil refined 
                                                771            769
    JALNA
    Soyoil refined 
                                                   769            766
    NANDED
    Soyoil refined                                 747            742
   
    Soyoil refined prices at other places in Maharashtra : Latur - 747, 
    Parbhani – 769, Koosnoor – 767, Solapur – 747, Sangli – 769.

    (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)                  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 – 32,500

WEATHER (NAGPUR)  
Maximum temp. 44.6 degree Celsius, minimum temp. 28.5 degree Celsius 
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 44 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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