May 17, 2018 / 8:01 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 17, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 17, 2018

Nagpur, May 17 (Reuters) – Soyabean and Cottonseed oil today drifted in Vidarbha region of
Western Maharashtra on stockists selling, driven by higher imports amid weak global cues. Fall
in demand from millers and retailers also put pressure on these oil. Besides, sufficient stocks,
downward trend on NCDEX in Soyabean oil and easy condition in Madhya Pradesh Soyabean oil also
affected sentiment in thin trading activity, sources said Thursday.


                       *****
VIDARBHA MARKETS
OILS
  * 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 and Cottonseed oil prices here.
    
   SOYMEAL

  * Soymeal prices today quoted static here on lack of demand from local traders. Easy 
    condition in international soymeal prices also affected sentiment.
         
   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    30,500-35,250       30,500-35,500         --
    (Available price)
    Market delivery    30,600-35,350       30,600-35,600          --
    (Traders price)
    Plant delivery     37,700-38,000       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                   31,000-35,300
    Akola                  200                30,500-35,500
    Amravati               200                 30,500-35,300 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            30,700-35,600 
    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 – 37,900, Washim – 38,300, Khamgaon – 38,000, Dhulia – 38,000, 
    Hingoli – 38,800, Jalna – 38,100, Nandurbar – 38,100, 
    Latur – 38,500, Nanded – 38,800, 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
                              
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         754            757
    Soyoil solvent crushing plant delivery         714            717    
    Cottonseed refined                             735            740
    Cottonseed solvent                             715            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                                 757            761
    Soyoil Solvent                                 717            720
    Cottonseed refined                             742            747
    Cottonseed solvent                             712            717

    AKOLA
    Soyoil refined                                 758            761
    Soyoil Solvent                                 718            720        
    Cottonseed refined oil                         750          755 
    Cottonseed solvent                             720            725

    DHULIA
    Soyoil refined                                 762            765
  
    AURANGABAD
    Soyoil refined 
                                                757            759
    JALNA
    Soyoil refined 
                                                   750            752
    NANDED
    Soyoil refined                                 749            751
   
    Soyoil refined prices at other places in Maharashtra : Latur - 750, 
    Parbhani – 760, Koosnoor – 758, Solapur – 749, Sangli – 760.

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

WEATHER (NAGPUR)  
Maximum temp. 44.3 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.

            *    *     *    *    *    *

  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below