June 28, 2018 / 8:06 AM / 5 months ago

REFILE-Nagpur Soybean, Soyoil, Soymeal Open- JUN 28, 2018

Nagpur Soybean, Soyoil, Soymeal Open-June 28, 2018
Nagpur, June 28 (Reuters) – The rising trend in soyabean oil remained unabated for the third
straight day today in Vidarbha region of Central Maharashtra as prices rise further on increased
buying by vanaspati millers for the ongoing marriage season, amid a firm overseas trend.
Sentiment remained strong, as soya digam oil prices rose in America. Good recovery on NCDEX also
boosted sentiment, sources said Thursday.
                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, 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 prices.
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor in thin trading activity.
         
   SOYABEAN
  * Soyabean prices recovered further in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased buying support from local crushing plants amid tight 
    supply from producing regions because of heavy rains yesterday evening and today 
    morning. Upward trend in soyabean oil, good hike on NCDEX and thin supply from in 
    parts of Vidarbha also pushed up prices prices. 
    About 100 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    30,000-34,000       30,000-33,800         --
    (Available price)
    Market delivery    30,100-34,100       30,100-33,900          --
    (Traders price)
    Plant delivery     36,100-36,500       35,800-36,100          --
    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             100                   30,300-34,000
    Akola                  100                30,800-33,900
    Amravati               100                 30,000-33,700 
    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 – 36,000, Washim – 36,300, Khamgaon – 36,600, Dhulia – 36,600, 
    Hingoli – 37,500, Jalna – 36,800, Nandurbar – 36,700, 
    Latur – 37,500, Nanded – 37,500, Solapur – 37,500, 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         767            765
    Soyoil solvent crushing plant delivery         728            725    
    Cottonseed refined                             735            735
    Cottonseed solvent                             710            710
    Groundnut oil (loose)                          990            990
    Groundnut oil refined (15 Litre)               1,560          1,560
    Sunflower oil refined                          870            870
    Linseed oil                                    830            830
    Rapeseed oil (for 15 kg)                       1,320          1,320
    Castor oil (for 15 kg)                         1,410          1,410
    Coconut KP oil (for 15 kg)                     3,420          3,420
    AMRAVATI
    Soyoil refined                                 766            764
    Soyoil Solvent                                 726            723
    Cottonseed refined                             740            740
    Cottonseed solvent                             695            695
    AKOLA
    Soyoil refined                                 767            763
    Soyoil Solvent                                 727            723        
    Cottonseed refined oil                         743          743 
    Cottonseed solvent                             693            693
    DHULIA
    Soyoil refined                                 760            756
  
    AURANGABAD
    Soyoil refined 
                                                764            760
    JALNA
    Soyoil refined 
                                                   764            761
    NANDED
    Soyoil refined                                 767            763
   
    Soyoil refined prices at other places in Maharashtra : Latur - 766, 
    Parbhani – 766, Koosnoor – 763, Solapur – 764, Sangli – 767.
    (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)                  29,000-29,500        29,000-29,500
      
    Soymeal prices at other places in Maharashtra : Akola – 28,400, 
    Washim – 29,400, Dhulia – 29,700, Hingoli – 30,500, Jalna – 30,000,
    Nandurbar – 29,500, Khamgaon – 28,300, Latur – 31,200, Nanded – 31,000,
    Solapur – 30,300, Dharwad – 31,000, Sangli – 31,000
WEATHER (NAGPUR)  
Maximum temp. 27.0 degree Celsius, minimum temp. 23.6 degree Celsius 
Rainfall : 41.4 mm
FORECAST: Generally cloudy sky with moderate rains. Maximum and minimum temperature would be
around and 33 and 24 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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