November 16, 2015 / 8:51 AM / 2 years ago

Nagpur Soybean, Soyoil, Soymeal Open-November 16

Nagpur, Nov 16 (Reuters) - In range-bound trade, soyabean and cottonseed oil prices moved
down at the Vidarbha region of Western Maharashtra today largely on reduced offtake amid weak
global trend. Sentiment turned bearish after Malaysian palm oil reported downward trend. Fresh
fall on NCDEX in soyabean oil and easy condition in Madhya Pradesh soyabean oil also affected
sentiment, according to sources.
 
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    VIDARBHA MARKETS
    OILS      
   * Groundnut loose, groundnut refined, sunflower, linseed, rapeseed, castor and coconut 
     oil quoted nearly steady in sluggish trading activity. 

   * Trader expect downward trend in soyabean and cottonseed oil here. 
    
   SOYMEAL
   * Prices today firmed up here on increased demand from South-based traders amid weak 
     supply from producing belts.

  SOYABEAN
   * Soyabean prices zoomed up in Nagpur Agriculture Produce and Marketing 
     Committee (APMC) on good buying support from local crushing plants for amid 
     thin arrival from producing regions. Healthy rise in soymeal, fresh hike in Madhya 
     Pradesh soyabean prices and repeated enquiries from South-based plants also boosted 
     prices, according to sources. 

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    32,500-39,200       32,000-38,700         --
    (Available price)
    Market delivery    32,600-39,300       32,100-38,800          --
    (Traders price)
    Plant delivery     40,000-40,500       40,000-40,500          --

    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                  800            32,200-38,800
    Amravati               n.a.                   n.a. 
    Khamgaon               n.a.                   n.a.
    Wardha                 400            31,900-38,500 
    Arvi                   n.a.                   n.a.
    Umred                  n.a.                   n.a.
    Chandrapur             n.a.            n.a 

    Soyabean prices at other places in Maharashtra : Adilabad - n.a., 
    Baramati - n.a., Dhulia - 39,600, Hingoli - 39,600, Jalna - n.a.,
    Koosnoor - 39,500, Malkapur - 39,600, Latur - 39,800, Nanded - 39,900, 
    Washim - n.a., Solapur - 39,700.
        
    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) 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.            4,200-4,600
    Castor                 n.a.            n.a.            3,000-3,200
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,500-8,000
    Dhaniya                n.a.            n.a.            8,500-9,200 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.          1,100-1,150
    Dhan            200            1,236-2,000        1,410-2,000
                                   
Oil prices in rupees per 10 kilograms:
    NAGPUR
                                 Monday's open   Previous close    
    Soyoil refined crushing plant delivery         632            636
    Soyoil solvent crushing plant delivery         582            585    
    Cottonseed refined                             622            625
    Cottonseed solvent                             503            507
    Groundnut oil (loose)                          960            960
    Groundnut oil refined (15 Litre)               1,570          1,570
    Sunflower oil refined                          920            920
    Linseed oil                                    885            885
    Rapeseed oil (for 15 kg)                       1,250          1,250
    Castor oil (for 15 kg)                         1,350          1,350
    Coconut KP oil (for 15 kg)                     2,270          2,270

    AMRAVATI
    Soyoil refined                                 631            636
    Soyoil Solvent                                 591            595
    Cottonseed refined                             621            629
    Cottonseed solvent                             601            610

    AKOLA
    Soyoil refined                                 632            637
    Soyoil Solvent                                 592            597        
    Cottonseed refined oil                         622          630
    Cottonseed solvent oil                         602            610
    DHULIA
    Soyoil refined                                 640            644 
  
    AURANGABAD
    Soyoil refined 
                                                639            645
    JALNA
    Soyoil refined 
                                                   640            644
    NANDED
    Soyoil refined                                 639            643
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 641, 
    Baramati - 639, Chalisgaon - 640, Pachora - 640, Parbhani - 642,
    Koosnoor - 642, Solapur - 641, Supa - 643, Sangli - 646.

Nagpur soymeal prices in rupees per tonne

                  Monday's open     Previous Close
    Soymeal (Nagpur)                  34,500-35,000       34,000-34,500
    
    Soymeal prices at other places in Maharashtra : Adilabad - 35,300 
    Akola - 34,700, Washim - 34,900, Dhulia - 34,500, Hingoli - 34,900, 
    Jalna - 35,000, Koosnoor - 35,300, Latur - 35,700, Nanded - 35,500,
    Pachora - n.a., Solapur - 35,700, Supa - n.a., Sangli - 35,700


WEATHER (NAGPUR)  
Maximum temp. 32.2 degree Celsius (90.0 degree Fahrenheit), minimum temp.
16.5 degree Celsius (61.7 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : n.a.
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 16 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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