May 22, 2018 / 8:42 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- May 22, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 22, 2018

Nagpur, May 22 (Reuters) – Rapeseed and Castor, in non-edible section and Soyabean oil in edible
section today strengthened in Vidarbha region of Western Maharashtra on increased offtake by
vanaspati millers amid a firming trend in producing regions. Buying activity in these oil picked
up because of good demand from local traders. Notable rise in American soya digam prices and
Malaysian palm oil also boosted sentiment, sources said Tuesday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower, Linseed 
    and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect further rise in soyabean oil here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor in limited deals.
         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local traders amid weak supply from 
    producing belts. Upward trend in soyabean oil in last two sessions, fresh hike on 
    NCDEX and good recovery in Madhya Pradesh soyabean prices 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    31,800-35,750       31,400-35,750         --
    (Available price)
    Market delivery    31,900-35,850       31,500-35,850          --
    (Traders price)
    Plant delivery     38,200-38,500       38,200-38,500          --

    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             300                   31,300-36,000
    Akola                  300                31,700-36,200
    Amravati               300                 31,500-35,800 
    Khamgaon               n.a.                   n.a.
    Wardha                 300            31,500-35,900 
    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 – 38,000, Washim – 38,300, Khamgaon – 38,300, Dhulia – 38,400, 
    Hingoli – 39,200, Jalna – 38,500, Nandurbar – 38,100, 
    Latur – 38,300, Nanded – 39,200, Solapur – 39,200, Sangli – 38,500.
        
    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         756            754
    Soyoil solvent crushing plant delivery         716            714    
    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)                       1,300          1,290
    Castor oil (for 15 kg)                         1,420          1,400
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 760            758
    Soyoil Solvent                                 720            716
    Cottonseed refined                             740            740
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 761            758
    Soyoil Solvent                                 721            718        
    Cottonseed refined oil                         748          748 
    Cottonseed solvent                             718            718

    DHULIA
    Soyoil refined                                 768            766
  
    AURANGABAD
    Soyoil refined 
                                                763            761
    JALNA
    Soyoil refined 
                                                   755            753
    NANDED
    Soyoil refined                                 752            750
   
    Soyoil refined prices at other places in Maharashtra : Latur - 751, 
    Parbhani – 763, Koosnoor – 760, Solapur – 751, 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)                  31,200-31,700       31,200-31,700
      
    Soymeal prices at other places in Maharashtra : Akola – 30,700, 
    Washim – 31,500, Dhulia – 32,200, Hingoli – 32,500, Jalna – 32,000,
    Nandurbar – 31,600, Khamgaon – 30,500, Latur – 32,500, Nanded – 32,300,
    Solapur – 32,400, Dharwad – 32,100, Sangli – 32,500

WEATHER (NAGPUR)  
Maximum temp. 45.2 degree Celsius, minimum temp. 31.0 degree Celsius 
Rainfall : nil
FORECAST: Generally cloudy sky. Maximum and minimum temperature would be around and 45 and 31
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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