February 28, 2017 / 7:50 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open-February 28,2017

Nagpur Soybean, Soyoil, Soymeal Open-February 28 

Nagpur, Feb 28 (Reuters) – Steady condition persisted in edible oils in the Vidarbha region of
Western Maharashtra today as prices moved in a tight range in lackluster trading and settled
around previous closing. Arrivals and offtake too remained at a low ebb and business volume
remained weak. Fresh fall in American soya digam prices also affected sentiment in thin trading
activity, sources said Tuesday. 


                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil today ruled steady here sluggish trading activity.
 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

   * Soymeal prices ruled steady here today on subdued demand from South-based traders 
     amid ample stock in ready segment. 
         
   SOYABEAN
   * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing
     Committee (APMC) on good buying support from local crushing plants amid weak supply 
     from producing regions. Notable hike in Madhya Pradesh soyabean and upward trend on 
     NCDEX also helped to push up prices.
     About 400 soyabean bags reported for auctions here, according to sources. 


 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    25,000-27,200       24,900-27,000         --
    (Available price)
    Market delivery    25,100-27,300       25,000-27,100          --
    (Traders price)
    Plant delivery     28,250-29,500       28,000-29,000          --

    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                  300               25,000-27,000
    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 -29,300, Washim – 28,000, Dhulia – 29,600, Hingoli – 28,800, 
    Jalna – 27,200, Koosnoor – 30,300, Malkapur – 29,000, Latur – 29,000, 
    Nanded – 28,800, Solapur – 29,000, Sangli – 29,750.
        
    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.                4,200-4,600
    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.                6,500-7,000 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,350-1,500
    Dhan            n.a.                n.a.             2,211-2,500
    Cotton            71           5,600-5,700              5,000-6,000

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Tuesday open   Previous close   
   
    Soyoil refined crushing plant delivery         705            705
    Soyoil solvent crushing plant delivery         665            665    
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710
    Groundnut oil (loose)                          980            980
    Groundnut oil refined (15 Litre)               1,640          1,640
    Sunflower oil refined                          900            900
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,240          1,240
    Castor oil (for 15 kg)                         1,280          1,280
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 705            705
    Soyoil Solvent                                 665            665
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 705            705
    Soyoil Solvent                                 665            665        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 709            709
  
    AURANGABAD
    Soyoil refined 
                                                711            711
    JALNA
    Soyoil refined 
                                                   714            714
    NANDED
    Soyoil refined                                 714            714
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 712, 
    Baramati – 712, Latur - 714, Nanded – 713, Parbhani – 714,
    Koosnoor – 714, Solapur – 713, Supa – 712, Sangli – 715.
                                     
Nagpur soymeal prices in rupees per tonne

                  Tuesday’s open         Previous Close
    Soymeal (Nagpur)                  22,500-23,000         22,500-23,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,500 
    Akola – 23,000, Washim – 23,200, Dhulia – 24,300, Hingoli – 23,500, 
    Jalna – 23,200, Nandurbar – 23,300, Khamgaon – 22,800, Latur – 23,400, 
    Nanded – 23,000, Parbhani – 23,500, Solapur – 23,500, Supa – n.a., 
    Dharwad – 23,600, Sangli – 23,800

WEATHER (NAGPUR)  
Maximum temp. 36.6 degree Celsius, minimum temp. 15.1 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 35 and 15 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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