September 3, 2018 / 9:32 AM / 5 months ago

Nagpur Soybean, Soyoil, Soymeal Open- SEP 03, 2018

Nagpur Soybean, Soyoil, Soymeal Open-September 3, 2018

Nagpur, Sept 3 (Reuters) – Soyabean and Cottonseed oil prices today strengthened in Vidarbha
region of Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in
producing regions. Buying activity in edible oils picked up as American soya digam prices
climbed in overseas markets. Healthy rise on NCDEX and reported demand from South-based traders
also boosted prices, sources said Wednesday.
.


                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed, 
    Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect upward trend in soyabean oil here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from local traders amid 
    ample stock in ready position.
         
                                                                           
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         761            756
    Soyoil solvent crushing plant delivery         721            716    
    Cottonseed refined                             815            810
    Cottonseed solvent                             795            790
    Groundnut oil (loose)                          1,080          1,080
    Groundnut oil refined (15 Litre)               1,670          1,670
    Sunflower oil refined                          880            880
    Linseed oil                                    930            930
    Rapeseed oil (for 15 kg)                       1,330          1,330
    Castor oil (for 15 kg)                         1,530          1,530
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 760            755
    Soyoil Solvent                                 720            715
    Cottonseed refined                             815            810
    Cottonseed solvent                             795            790

    AKOLA
    Soyoil refined                                 760            756
    Soyoil Solvent                                 720            716        
    Cottonseed refined oil                         815          810 
    Cottonseed solvent                             795            790

    DHULIA
    Soyoil refined                                 759            755
  
    KHAMGAON
    Soyoil refined 
                                                759            754
    JALNA
    Soyoil refined 
                                                   763            758
    NANDED
    Soyoil refined                                 755            750
   
    Soyoil refined prices at other places in Maharashtra : Latur - 755, 
    Khamgaon – 761, Washim – 762, Solapur – 755, Sangli – 756.

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

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  27,500-27,800    27,500-27,800
      
    Soymeal prices at other places in Maharashtra : Akola – 27,600, 
    Washim – 27,400, Dhulia – 28,800, Hingoli – 27,800, Jalna – 29,000,
    Nandurbar – 29,000, Khamgaon – 27,200, Latur – 28,000, Nanded – 28,800,
    Solapur – 29,500, Dharwad – 26,800, Sangli – 29,500

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.

WEATHER (NAGPUR)  
Maximum temp. 30.5 degree Celsius, minimum temp. 22.8 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with possibility of moderate rains. Maximum and minimum
temperature would be around and 30 and 23 degree Celsius respectively.

ATTN: Soyabean mandi and wholesale foodgrain market of Nagpur APMC remained closed today,
Monday, on the occasion of Janmasthami.

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