May 11, 2018 / 8:17 AM / in 3 months

Nagpur Soybean, Soyoil, Soymeal Open- May 11, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 11, 2018

Nagpur, May 11 (Reuters) – Soyabean oil today reported down in Vidarbha region of Western
Maharashtra on stockists selling looking towards month ending, driven by higher imports. Fall in
demand from millers and retailers also put pressure on soyabean oil. Besides, sufficient stocks,
sharp fall on NCDEX and easy condition in Madhya Pradesh soyabean oil also affected sentiment in
thin trading activity, 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 nearly steady trend in major edible oils here.
    
   SOYMEAL

  * Soymeal prices today reported strong in here on good demand from South-based traders.
    Fresh hike in international soymeal prices also boosted sentiment.
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply from 
    producing regions. Fresh hike on NCDEX, upward trend in Madhya Pradesh soyabean 
    prices and repeated enquiries from South-based millers also boosted prices.
    About 500 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    32,000-36,500       31,500-36,400         --
    (Available price)
    Market delivery    32,100-36,600       31,600-36,500          --
    (Traders price)
    Plant delivery     38,000-38,500       37,800-38,200          --

    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                   32,000-36,800
    Akola                  500                31,800-36,300
    Amravati               500                 31,800-36,500 
    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 – 38,300, Washim – 38,750, Khamgaon – 38,500, Dhulia – 38,000, 
    Hingoli – 39,000, Jalna – 38,600, Nandurbar – 38,700, 
    Latur – 38,700, Nanded – 38,900, Solapur – 39,100, 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
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         761            764
    Soyoil solvent crushing plant delivery         721            724    
    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                                 761            764
    Soyoil Solvent                                 721            723
    Cottonseed refined                             747            747
    Cottonseed solvent                             717            717

    AKOLA
    Soyoil refined                                 760            763
    Soyoil Solvent                                 720            724        
    Cottonseed refined oil                         755          755 
    Cottonseed solvent                             725            725

    DHULIA
    Soyoil refined                                 774            776
  
    AURANGABAD
    Soyoil refined 
                                                768            771
    JALNA
    Soyoil refined 
                                                   774            775
    NANDED
    Soyoil refined                                 755            757
   
    Soyoil refined prices at other places in Maharashtra : Latur - 753, 
    Parbhani – 765, Koosnoor – 763, Solapur – 755, Sangli – 765.

    (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)                  30,900-31,300      30,700-31,000
      
    Soymeal prices at other places in Maharashtra : Akola – 30,900, 
    Washim – 30,700, Dhulia – 32,500, Hingoli – 32,200, Jalna – 32,000,
    Nandurbar – 32,200, Khamgaon – 30,500, Latur – 32,300, Nanded – 32,300,
    Solapur – 32,000, Dharwad – 31,900, Sangli – 33,000

WEATHER (NAGPUR)  
Maximum temp. 45.0 degree Celsius, minimum temp. 28.2 degree Celsius 
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 45 and 28 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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