May 14, 2018 / 8:40 AM / 13 days ago

Nagpur Soybean, Soyoil, Soymeal Open- May 14, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 14, 2018

Nagpur, May 14 (Reuters) – Soyabean oil today moved down in Vidarbha region of Western
Maharashtra on stockists selling looking month ending, driven by higher imports amid weak global
cues. Fall in demand from millers and retailers also put pressure on Soyabean oil. Besides,
sufficient stocks, easy condition on NCDEX and downward trend in Madhya Pradesh Soyabean oil
also affected sentiment in thin trading activity, 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 fall in Soyabean oil prices here.
    
   SOYMEAL

  * Soymeal prices today reported down here in absence of buyers amid ample stock in 
    ready position.
         
   SOYABEAN
  * Soyabean prices showed upward tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid thin supply 
    from producing belts. Good recovery in Madhya Pradesh soyabean prices and enquiries 
    from South-based millers also jacked up prices.
    About 300 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    32,000-36,000       31,500-36,000         --
    (Available price)
    Market delivery    32,100-36,100       31,600-36,100          --
    (Traders price)
    Plant delivery     37,800-38,100       38,000-38,300          --

    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             200                   31,500-36,500
    Akola                  200                32,000-36,100
    Amravati               200                 31,600-36,600 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            31,200-36,800 
    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 – 38,100, Washim – 38,550, Khamgaon – 38,000, Dhulia – 38,000, 
    Hingoli – 38,600, Jalna – 38,100, Nandurbar – 38,100, 
    Latur – 38,400, Nanded – 38,600, Solapur – 38,800, Sangli – 38,300.
        
    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         759            761
    Soyoil solvent crushing plant delivery         719            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)                       1,290          1,280
    Castor oil (for 15 kg)                         1,400          1,410
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 760            762
    Soyoil Solvent                                 720            723
    Cottonseed refined                             747            747
    Cottonseed solvent                             717            717

    AKOLA
    Soyoil refined                                 761            763
    Soyoil Solvent                                 721            722        
    Cottonseed refined oil                         755          755 
    Cottonseed solvent                             725            725

    DHULIA
    Soyoil refined                                 772            775
  
    AURANGABAD
    Soyoil refined 
                                                765            768
    JALNA
    Soyoil refined 
                                                   768            770
    NANDED
    Soyoil refined                                 750            752
   
    Soyoil refined prices at other places in Maharashtra : Latur - 750, 
    Parbhani – 763, Koosnoor – 761, Solapur – 750, Sangli – 763.

    (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)                  30,800-31,100      30,900-31,300
      
    Soymeal prices at other places in Maharashtra : Akola – 30,800, 
    Washim – 30,700, Dhulia – 32,200, Hingoli – 32,000, Jalna – 32,000,
    Nandurbar – 32,200, Khamgaon – 30,500, Latur – 31,800, Nanded – 32,300,
    Solapur – 32,000, Dharwad – 31,900, Sangli – 32,500

WEATHER (NAGPUR)  
Maximum temp. 42.9 degree Celsius, minimum temp. 29.2 degree Celsius 
Rainfall : nil
FORECAST: Partly cloudy sky. Possibility of thundery development towards evening. 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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