May 31, 2018 / 8:16 AM / 22 days ago

Nagpur Soybean, Soyoil, Soymeal Open- May 31, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 31, 2018

Nagpur, May 31 (Reuters) – In range-bound trade, Soyabean and Cottonseed oil prices declined
sharply at the Vidarbha region of Western Maharashtra on subdued demand at prevailing levels
amid weak trend in overseas markets. Sentiment turned bearish after American soya digam and
Malaysian palm oil fell notably. Notable fall on NCDEX and easy condition in Madhya Pradesh
Soyabean oil prices also affected sentiment, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Sunflower refined, Groundnut loose, Groundnut refined, Linseed, Rapeseed, Castor and 
    Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect weak trend in Soyabean and Cottonseed oil here.
    
   SOYMEAL

  * Soymeal prices today declined further on lack of demand from South-based traders. 
    Easy condition in international soymeal prices also affected sentiment here.
         
   SOYABEAN
  * Soyabean prices declined sharply in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Easy condition in 
    Soyabean oil, weak trend in soymeal, downward trend on NCDEX and high moisture 
    content arrival also affected prices. 
    About 400 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    31,500-34,200       31,500-35,000         --
    (Available price)
    Market delivery    31,600-35,300       31,600-35,100          --
    (Traders price)
    Plant delivery     36,200-36,500       36,500-37,000          --

    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                   31,200-35,000
    Akola                  200                31,500-34,500
    Amravati               200                 31,000-34,800 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            31,200-34,600 
    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 – 36,400, Washim – 37,200, Khamgaon – 36,700, Dhulia – 36,500, 
    Hingoli – 36,700, Jalna – 36,500, Nandurbar – 36,400, 
    Latur – 36,500, Nanded – 36,700, Solapur – 36,700, Sangli – 36,700.
        
    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         752            755
    Soyoil solvent crushing plant delivery         712            715    
    Cottonseed refined                             735            735
    Cottonseed solvent                             715            720
    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                                 753            756
    Soyoil Solvent                                 713            715
    Cottonseed refined                             737            742
    Cottonseed solvent                             710            712

    AKOLA
    Soyoil refined                                 752            757
    Soyoil Solvent                                 712            716        
    Cottonseed refined oil                         745          750 
    Cottonseed solvent                             718            721

    DHULIA
    Soyoil refined                                 752            754
  
    AURANGABAD
    Soyoil refined 
                                                757            760
    JALNA
    Soyoil refined 
                                                   756            760
    NANDED
    Soyoil refined                                 742            745
   
    Soyoil refined prices at other places in Maharashtra : Latur - 742, 
    Parbhani – 756, Koosnoor – 755, Solapur – 741, Sangli – 755.

    (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)                  30,500-31,000       30,800-31,300
      
    Soymeal prices at other places in Maharashtra : Akola – 30,200, 
    Washim – 31,200, Dhulia – 31,300, Hingoli – 31,000, Jalna – 31,100,
    Nandurbar – 31,100, Khamgaon – 29,700, Latur – 30,000, Nanded – 31,300,
    Solapur – 31,000, Dharwad – 31,200, Sangli – 31,500

WEATHER (NAGPUR)  
Maximum temp. 46.3 degree Celsius, minimum temp. 27.1 degree Celsius 
Rainfall : nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 46 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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