May 16, 2018 / 8:54 AM / 10 days ago

Nagpur Soybean, Soyoil, Soymeal Open- May 16, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 16, 2018
    
Nagpur, May 16 (Reuters) – Barring a fall in Soyabean oil, major edible and non-edible oil
prices today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence
of any worthwhile trading activity. Slackness in demand from millers and retailers against
adequate stocks mainly pulled soyabean oil prices down. Easy condition on international edible
oil market also affected sentiment, sources said Wednesday.


                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect weak trend in Soyabean oil prices here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. Weak trend in soyabean
    oil, no takers to soymeal, easy condition on NCDEX and fresh fall in Madhya Pradesh 
    soyabean prices also pulled down prices in thin trading activity.
    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    30,500-35,700       30,500-36,000         --
    (Available price)
    Market delivery    30,600-35,800       30,600-36,100          --
    (Traders price)
    Plant delivery     37,900-38,200       37,900-38,200          --

    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             200                   31,000-36,000
    Akola                  200                30,900-36,100
    Amravati               200                 31,000-35,900 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            31,000-35,900 
    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 – 38,500, Jalna – 38,100, Nandurbar – 38,100, 
    Latur – 38,300, Nanded – 38,400, Solapur – 38,600, 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
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         757            759
    Soyoil solvent crushing plant delivery         717            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            762
    Soyoil Solvent                                 720            722
    Cottonseed refined                             747            747
    Cottonseed solvent                             717            717

    AKOLA
    Soyoil refined                                 760            763
    Soyoil Solvent                                 720            722        
    Cottonseed refined oil                         755          755 
    Cottonseed solvent                             725            725

    DHULIA
    Soyoil refined                                 765            767
  
    AURANGABAD
    Soyoil refined 
                                                760            765
    JALNA
    Soyoil refined 
                                                   753            755
    NANDED
    Soyoil refined                                 752            754
   
    Soyoil refined prices at other places in Maharashtra : Latur - 752, 
    Parbhani – 763, Koosnoor – 761, Solapur – 752, Sangli – 763.

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

WEATHER (NAGPUR)  
Maximum temp. 42.2 degree Celsius, minimum temp. 27.4 degree Celsius 
Rainfall : nil
FORECAST: Partly cloudy sky. Possibility of thundery development towards evening. Maximum and
minimum temperature would be around and 42 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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