Nagpur Soybean, Soyoil, Soymeal Open- May 16, 2018



© Reuters. Nagpur Soybean, Soyoil, Soymeal Open- May 16, 2018

Nagpur Soybean, Soyoil, Soymeal Open-May 16, 2018

Nagpur, May 16 (Reuters) – Barring a fall in Soyabean oil, major edible and non-edible oil prices today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any worthwhile trading activity. Slackness in demand from millers and retailers against adequate stocks mainly pulled soyabean oil prices down. Easy condition on international edible oil market also affected sentiment, sources said Wednesday.

***** VIDARBHA MARKETS OILS

* Cottonseed, Groundnut loose, Groundnut refined, Sunflower, Linseed,

Rapeseed, Castor and Coconut KP oil ruled steady here in thin trading activity.

* Traders expect weak trend in Soyabean oil prices here.

SOYMEAL

* Soymeal prices today ruled steady here but demand was poor.

SOYABEAN

* Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing

Committee (APMC) on lack of demand from local crushing plants. Weak trend in soyabean

oil, no takers to soymeal, easy condition on NCDEX and fresh fall in Madhya Pradesh

soyabean prices also pulled down prices in thin trading activity.

About 500 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

30,500-35,700

30,500-36,000

(Available price)

Market delivery

30,600-35,800

30,600-36,100

(Traders price)

Plant delivery

37,900-38,200

37,900-38,200

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

31,000-36,000

Akola

200

30,900-36,100

Amravati

200

31,000-35,900

Khamgaon

n.a.

n.a.

Wardha

200

31,000-35,900

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 – 37,900, Washim – 38,300, Khamgaon – 38,000, Dhulia – 38,000,

Hingoli – 38,500, Jalna – 38,100, Nandurbar – 38,100,

Latur – 38,300, Nanded – 38,400, Solapur – 38,600, Sangli – 38,300.

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

757

759

Soyoil solvent crushing plant delivery

717

719

Cottonseed refined

740

740

Cottonseed solvent

720

720

Groundnut oil (loose)

1,020

1,020

Groundnut oil refined (15 Litre)

1,610

1,610

Sunflower oil refined

880

880

Linseed oil

810

810

Rapeseed oil (for 15 kg)

1,290

1,290

Castor oil (for 15 kg)

1,400

1,400

Coconut KP oil (for 15 kg)

3,500

3,500

AMRAVATI

Soyoil refined

760

762

Soyoil Solvent

720

722

Cottonseed refined

747

747

Cottonseed solvent

717

717

AKOLA

Soyoil refined

760

763

Soyoil Solvent

720

722

Cottonseed refined oil

755

755

Cottonseed solvent

725

725

DHULIA

Soyoil refined

765

767

AURANGABAD

Soyoil refined

760

765

JALNA

Soyoil refined

753

755

NANDED

Soyoil refined

752

754

Soyoil refined prices at other places in Maharashtra : Latur – 752,

Parbhani – 763, Koosnoor – 761, Solapur – 752, Sangli – 763.

(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)

31,000-31,500

31,000-31,500

Soymeal prices at other places in Maharashtra : Akola – 30,700,

Washim – 31,000, Dhulia – 31,800, Hingoli – 32,300, Jalna – 32,000,

Nandurbar – 31,500, Khamgaon – 30,500, Latur – 32,200, Nanded – 32,300,

Solapur – 31,800, Dharwad – 32,100, Sangli – 32,500 WEATHER (NAGPUR) Maximum temp. 42.2 degree Celsius, minimum temp. 27.4 degree Celsius Rainfall : nil FORECAST: Partly cloudy sky. Possibility of thundery development towards evening. Maximum and minimum temperature would be around and 42 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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