May 25, 2018 / 8:03 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- May 25, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 25, 2018

Nagpur, May 25 (Reuters) – Soyabean oil today suffered heavily in Vidarbha region of Western
Maharashtra on stockists selling looking towards March ending, driven by higher imports amid
weak global cues. Fall in demand from millers and retailers also put pressure on soyabean oil.
Besides, sufficient stocks, sharp fall on NCDEX and easy condition in Madhya Pradesh soyabean
oil also affected sentiment in thin trading activity, sources said Friday.

                       *****
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 declined here on poor demand from South-based traders. Fresh
    fall in international soymeal prices also affected sentiment.
         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. Fresh fall in 
    Soymeal & soyabean oil, downward trend on NCDEX and easy condition in Madhya Pradesh 
    soyabean prices also affected sentiment in limited deals. 
    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    31,000-35,300       31,500-36,600         --
    (Available price)
    Market delivery    31,100-35,400       31,600-36,700          --
    (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                   31,300-35,700
    Akola                  200                31,500-35,500
    Amravati               200                 31,500-35,600 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            31,700-35,800 
    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 – 38,700, Jalna – 38,500, Nandurbar – 38,100, 
    Latur – 38,400, 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
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         757            761
    Soyoil solvent crushing plant delivery         717            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          1,320
    Castor oil (for 15 kg)                         1,420          1,420
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 761            764
    Soyoil Solvent                                 721            724
    Cottonseed refined                             745            740
    Cottonseed solvent                             715            710

    AKOLA
    Soyoil refined                                 761            765
    Soyoil Solvent                                 721            725        
    Cottonseed refined oil                         750          748 
    Cottonseed solvent                             720            718

    DHULIA
    Soyoil refined                                 763            766
  
    AURANGABAD
    Soyoil refined 
                                                762            764
    JALNA
    Soyoil refined 
                                                   762            765
    NANDED
    Soyoil refined                                 749            753
   
    Soyoil refined prices at other places in Maharashtra : Latur - 750, 
    Parbhani – 763, Koosnoor – 760, Solapur – 749, Sangli – 762.

    (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)                  31,000-31,400      31,000-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 30,500, 
    Washim – 31,500, Dhulia – 31,800, Hingoli – 32,500, Jalna – 31,800,
    Nandurbar – 31,600, Khamgaon – 30,400, Latur – 32,500, Nanded – 32,200,
    Solapur – 32,700, Dharwad – 32,100, Sangli – 32,400

WEATHER (NAGPUR)  
Maximum temp. 44.7 degree Celsius, minimum temp. 27.5 degree Celsius 
Rainfall : nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 45 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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