May 15, 2018 / 8:37 AM / 12 days ago

Nagpur Soybean, Soyoil, Soymeal Open- May 15, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 15, 2018

Nagpur, May 15 (Reuters) – Steady condition persisted in edible oils in the Vidarbha region of
Western Maharashtra today as prices moved in a tight range in lackluster trading and settled
around previous closing. Arrivals and offtake too remained at a low ebb and business volume
remained weak. Easy condition in international edible oils and fresh fall in Madhya Pradesh
edible oils also affected sentiment in thin trading activity, sources said Tuesday.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, 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 ruled steady here on subdued demand from local traders amid 
    ample stock in ready position.
         
   SOYABEAN
  * Soyabean prices declined in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants amid good supply 
    from producing belts. Downward trend in Soyabean oil since last two sessions, no 
    takers to soymeal and weak trend in Madhya Pradesh soyabean prices also affected 
    sentiment in limited deals.
    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    30,500-36,000       31,000-36,000         --
    (Available price)
    Market delivery    30,600-36,100       31,100-36,100          --
    (Traders price)
    Plant delivery     37,800-38,100       37,800-38,100          --

    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                   31,500-36,300
    Akola                  200                31,500-36,100
    Amravati               200                 31,000-36,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            31,200-36,400 
    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 – 37,900, Washim – 38,300, Khamgaon – 38,000, Dhulia – 38,000, 
    Hingoli – 38,400, Jalna – 38,100, Nandurbar – 38,100, 
    Latur – 38,200, Nanded – 38,400, Solapur – 38,500, 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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         759            759
    Soyoil solvent crushing plant delivery         719            719    
    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          1,290
    Castor oil (for 15 kg)                         1,400          1,400
    Coconut KP oil (for 15 kg)                     3,500          3,500

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

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

    DHULIA
    Soyoil refined                                 767            767
  
    AURANGABAD
    Soyoil refined 
                                                765            765
    JALNA
    Soyoil refined 
                                                   768            768
    NANDED
    Soyoil refined                                 750            750
   
    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

                  Tuesday’s open     Previous Close
    Soymeal (Nagpur)                  30,800-31,100      30,800-31,100
      
    Soymeal prices at other places in Maharashtra : Akola – 30,600, 
    Washim – 30,700, Dhulia – 32,200, Hingoli – 32,000, Jalna – 32,000,
    Nandurbar – 32,200, Khamgaon – 30,200, Latur – 32,000, Nanded – 32,300,
    Solapur – 32,000, Dharwad – 32,100, Sangli – 32,500

WEATHER (NAGPUR)  
Maximum temp. 44.1 degree Celsius, minimum temp. 26.7 degree Celsius 
Rainfall : nil
FORECAST: Partly cloudy sky. Possibility of thundery development towards evening. 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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