May 30, 2018 / 8:39 AM / 25 days ago

Nagpur Soybean, Soyoil, Soymeal Open- May 30, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 30, 2018

Nagpur, May 30 (Reuters) – Prices of Sunflower oil in edible section and Castor oil in
non-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 weak supply from producing regions. Trading activity in other major
edible oils reported weak as no trader was in mood for any commitment because of downward trend
in overseas prices, sources said Wednesday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Linseed, 
    Rapeseed and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further rise in Castor oils here.
    
   SOYMEAL

  * Soymeal prices today moved down here on lack of demand from South-based traders. 
    Fresh fall in international soymeal prices also affected sentiment.
         
   SOYABEAN
  * Soyabean prices suffered heavily in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. Sharp fall in soymeal, 
    no takers to soyabean oil since last three sessions, easy condition in Madhya Pradesh 
    soyabean prices and poor quality arrival also pulled down 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    31,000-36,000       31,500-36,400         --
    (Available price)
    Market delivery    31,100-36,100       31,600-36,500          --
    (Traders price)
    Plant delivery     37,200-37,500       37,500-37,800          --

    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                   31,000-35,900
    Akola                  200                31,500-36,300
    Amravati               200                 31,500-36,100 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            31,700-36,200 
    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 – 37,400, Washim – 37,200, Khamgaon – 37,300, Dhulia – 37,700, 
    Hingoli – 37,400, Jalna – 37,300, Nandurbar – 37,000, 
    Latur – 37,000, Nanded – 37,300, Solapur – 37,300, Sangli – 37,500.
        
    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
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         755            755
    Soyoil solvent crushing plant delivery         715            715    
    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                          860            840
    Linseed oil                                    820            820
    Rapeseed oil (for 15 kg)                       1,310          1,310
    Castor oil (for 15 kg)                         1,430          1,420
    Coconut KP oil (for 15 kg)                     3,500          3,500

    AMRAVATI
    Soyoil refined                                 759            759
    Soyoil Solvent                                 719            719
    Cottonseed refined                             742            742
    Cottonseed solvent                             712            712

    AKOLA
    Soyoil refined                                 760            760
    Soyoil Solvent                                 720            720        
    Cottonseed refined oil                         753          753 
    Cottonseed solvent                             723            723

    DHULIA
    Soyoil refined                                 759            759
  
    AURANGABAD
    Soyoil refined 
                                                760            760
    JALNA
    Soyoil refined 
                                                   762            762
    NANDED
    Soyoil refined                                 745            745
   
    Soyoil refined prices at other places in Maharashtra : Latur - 745, 
    Parbhani – 761, Koosnoor – 759, Solapur – 745, Sangli – 760.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.)
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open     Previous Close
    Soymeal (Nagpur)                  30,900-31,300       31,000-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 30,200, 
    Washim – 31,200, Dhulia – 31,300, Hingoli – 31,600, Jalna – 31,700,
    Nandurbar – 31,300, Khamgaon – 30,000, Latur – 31,700, Nanded – 31,900,
    Solapur – 31,800, Dharwad – 32,000, Sangli – 32,500

WEATHER (NAGPUR)  
Maximum temp. 46.7 degree Celsius, minimum temp. 29.7 degree Celsius 
Rainfall : nil
FORECAST: Heat wave likely. 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.

            *    *     *    *    *    *

  
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