May 24, 2018 / 8:26 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- May 24, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 24, 2018

Nagpur, May 24 (Reuters) – Barring a rise in Rapeseed oil in non-edible section, major edible
oil prices today generally ruled flat in the Vidarbha region of Western Maharashtra in the
absence of any worthwhile trading activity. Notable rise in demand from millers and retailers
against inadequate stocks mainly pushed Rapeseed oil prices up. Trading activity in other edible
and non-edible oils reported weak because of good recovery in international edible oil prices,
sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower, Linseed, Castor
    and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local traders amid thin supply from 
    producing belts. Fresh hike on NCDEX and good recovery in Madhya Pradesh soyabean 
    prices and reported demand from South-based plants also helped to push up prices. 
    About 200 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    32,000-36,000       31,800-36,000         --
    (Available price)
    Market delivery    32,100-36,100       31,900-36,100          --
    (Traders price)
    Plant delivery     38,000-38,300       38,000-38,300          --

    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                   31,800-36,000
    Akola                  200                31,900-36,200
    Amravati               200                 31,600-35,900 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            32,000-36,100 
    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 – 39,100, Jalna – 38,500, Nandurbar – 38,100, 
    Latur – 38,800, Nanded – 39,100, Solapur – 39,100, 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
                              
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         761            761
    Soyoil solvent crushing plant delivery         721            721    
    Cottonseed refined                             740            735
    Cottonseed solvent                             720            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)                       1,320          1,300
    Castor oil (for 15 kg)                         1,420          1,420
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 764            764
    Soyoil Solvent                                 724            724
    Cottonseed refined                             745            740
    Cottonseed solvent                             715            710

    AKOLA
    Soyoil refined                                 765            765
    Soyoil Solvent                                 725            725        
    Cottonseed refined oil                         750          748 
    Cottonseed solvent                             720            718

    DHULIA
    Soyoil refined                                 768            768
  
    AURANGABAD
    Soyoil refined 
                                                766            763
    JALNA
    Soyoil refined 
                                                   767            767
    NANDED
    Soyoil refined                                 753            753
   
    Soyoil refined prices at other places in Maharashtra : Latur - 753, 
    Parbhani – 767, Koosnoor – 764, Solapur – 753, Sangli – 766.

    (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 – 30,600, 
    Washim – 31,500, Dhulia – 32,000, Hingoli – 32,700, Jalna – 32,000,
    Nandurbar – 31,600, Khamgaon – 30,500, Latur – 32,500, Nanded – 32,200,
    Solapur – 32,700, Dharwad – 32,100, Sangli – 32,800

WEATHER (NAGPUR)  
Maximum temp. 43.0 degree Celsius, minimum temp. 29.0 degree Celsius 
Rainfall : nil
FORECAST: Generally cloudy sky. Maximum and minimum temperature would be around and 44 and 29
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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