May 18, 2018 / 8:02 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 18, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 18, 2018

Nagpur, May 18 (Reuters) – Soyabean oil today found some buying support from traders in Vidarbha
region on Western Maharashtra and gained some fresh ground in view of good rise in American soya
digam prices and good recovery in Malaysian palm oil. Fresh hike on NCDEX, short supply from
local crushing plants and upward trend on Madhya Pradesh oil market also helped to push up
prices. Reported demand from South-based traders also boosted prices, 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 further fall in Soyabean and Cottonseed oil prices here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good seasonal demand from local traders amid tight supply from 
    producing regions. Healthy hike in soyabean oil, upward trend on NCDEX, notable rise 
    in Madhya Pradesh soyabean prices and reported demand from South-based plants also 
    jacked up prices here.
    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    31,500-36,150       31,000-35,800         --
    (Available price)
    Market delivery    31,600-36,250       31,100-35,900          --
    (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                   31,300-35,900
    Akola                  200                31,000-35,500
    Amravati               200                 31,500-36,300 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            31,300-36,000 
    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 – 38,700, Jalna – 38,100, Nandurbar – 38,100, 
    Latur – 38,400, Nanded – 38,700, Solapur – 38,700, 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
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         755            753
    Soyoil solvent crushing plant delivery         715            713    
    Cottonseed refined                             735            735
    Cottonseed solvent                             715            715
    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            755
    Soyoil Solvent                                 717            715
    Cottonseed refined                             740            740
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 758            756
    Soyoil Solvent                                 718            718        
    Cottonseed refined oil                         748          748 
    Cottonseed solvent                             718            718

    DHULIA
    Soyoil refined                                 766            763
  
    AURANGABAD
    Soyoil refined 
                                                760            758
    JALNA
    Soyoil refined 
                                                   753            750
    NANDED
    Soyoil refined                                 751            751
   
    Soyoil refined prices at other places in Maharashtra : Latur - 749, 
    Parbhani – 761, Koosnoor – 758, Solapur – 749, Sangli – 761.

    (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)                  31,000-31,500        31,000-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 31,000, 
    Washim – 31,000, Dhulia – 32,000, Hingoli – 32,500, Jalna – 32,000,
    Nandurbar – 31,600, Khamgaon – 30,500, Latur – 32,200, Nanded – 32,300,
    Solapur – 32,300, Dharwad – 32,100, Sangli – 32,500

WEATHER (NAGPUR)  
Maximum temp. 44.7 degree Celsius, minimum temp. 30.0 degree Celsius 
Rainfall : nil
FORECAST: Partly cloudy sky. Possibility of thundery development towards evening. Maximum and
minimum temperature would be around and 45 and 30 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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