September 17, 2018 / 8:49 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- SEP 17, 2018

Nagpur Soybean, Soyoil, Soymeal Open-September 17, 2018

Nagpur, Sept 17 (Reuters) – Linseed and rapeseed, non-edible oil prices today strengthened in
Vidarbha region of Western Maharashtra on increased offtake by oil-paint industries amid a
firming trend in producing regions. Buying activity in these oil picked up because of poor crop
position reports in this season. Trading activity other major edible oils reported weak as no
trader was in mood for any commitment adopting wait and watch move, sources said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed 
    and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible oils.
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor in limited deals.
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. This season’s new 
    soyabean arrival reported in Nagpur APMC and price is likely around 33,000 per tonne.
    About 200 new 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    31,000-32,500       30,700-32,250         --
    (Available price)
    Market delivery    31,100-32,600       30,800-32,350          --
    (Traders price)
    Plant delivery     35,200-35,500       35,200-35,500          --

    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             n.a.                   n.a.
    Akola                  n.a.               n.a.
    Amravati               n.a.                n.a. 
    Khamgaon               n.a.                   n.a.
    Wardha                 n.a.            n.a. 
    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 – 35,500, Washim – 35,700, Khamgaon – 34,000, Dhulia – 34,700, 
    Hingoli – 35,500, Jalna – 35,300, Nandurbar – 35,500, 
    Latur – 35,800, Nanded – 35,800, Solapur – 35,800, Sangli – 32,500.
        
    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
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         756            756
    Soyoil solvent crushing plant delivery         716            716    
    Cottonseed refined                             780            780
    Cottonseed solvent                             750            750
    Groundnut oil (loose)                          1,080          1,080
    Groundnut oil refined (15 Litre)               1,670          1,670
    Sunflower oil refined                          880            880
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,330          1,320
    Castor oil (for 15 kg)                         1,530          1,520
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 751            751
    Soyoil Solvent                                 711            711
    Cottonseed refined                             768            768
    Cottonseed solvent                             738            738

    AKOLA
    Soyoil refined                                 751            711
    Soyoil Solvent                                 711            711        
    Cottonseed refined oil                         768          786 
    Cottonseed solvent                             738            768

    DHULIA
    Soyoil refined                                 748            748
  
    KHAMGAON
    Soyoil refined 
                                                756            756
    JALNA
    Soyoil refined 
                                                   750            750
    NANDED
    Soyoil refined                                 749            749
   
    Soyoil refined prices at other places in Maharashtra : Latur - 748, 
    Khamgaon – 752, Washim – 753, Solapur – 747, Sangli – 748.

    (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)                  28,200-28,500    28,200-28,500
      
    Soymeal prices at other places in Maharashtra : Akola – 29,000, 
    Washim – 29,000, Dhulia – 29,200, Hingoli – 29,200, Jalna – 29,500,
    Nandurbar – 29,400, Khamgaon – 26,000, Latur – 28,900, Nanded – 30,200,
    Solapur – 29,500, Dharwad – 28,200, Sangli – 28,200

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

WEATHER (NAGPUR)  
Maximum temp. 34.4 degree Celsius, minimum temp. 23.2 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Possibility of rains or thundershowers. Maximum and minimum
temperature would be around and 35 and 23 degree Celsius respectively.
    

  
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