March 2, 2017 / 8:12 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open-March 02,2017

Nagpur Soybean, Soyoil, Soymeal Open-March 2 

Nagpur, Mar 2 (Reuters) – Barring a rise in castor oil in non-edible section, major edible oil
prices today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence
of any worthwhile trading activity. Notable rise in demand from soap industries and retailers
against inadequate stocks mainly pushed rapeseed oil prices up. Trading activity in other edible
oils reported weak as no trader was in mood for any commitment because of good recovery in
overseas oil prices, sources said Thursday. 
                      *****    
VIDARBHA MARKETS
OILS

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

   * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
   * Soyabean prices recovered further in Nagpur Agriculture Produce Marketing
     Committee (APMC) on increased demand from local crushing plants amid thin supply 
     from producing belts. Fresh rise in Madhya Pradesh soyabean and reported demand from 
     South-based plants also jacked up prices.
     About 700 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    25,000-27,500       25,000-27,200         --
    (Available price)
    Market delivery    25,100-27,600       25,100-27,300          --
    (Traders price)
    Plant delivery     28,500-29,800       28,300-29,500          --

    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                  300               25,100-27,300
    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 – 28,500, Dhulia – 29,600, Hingoli – 28,900, 
    Jalna – 27,500, Koosnoor – 30,300, Malkapur – 29,000, Latur – 29,100, 
    Nanded – 28,900, Solapur – 29,100, 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.             1,300-1,500
    Dhan            n.a.                n.a.             2,200-2,250
    Cotton            129           5,305-5,610              5,500-5,700

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Thursday open   Previous close   
   
    Soyoil refined crushing plant delivery         710            710
    Soyoil solvent crushing plant delivery         669            669    
    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                          880            880
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,230          1,230
    Castor oil (for 15 kg)                         1,300          1,280
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 708            708
    Soyoil Solvent                                 668            668
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 710            710
    Soyoil Solvent                                 670            670        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 712            712
  
    AURANGABAD
    Soyoil refined 
                                                714            714
    JALNA
    Soyoil refined 
                                                   715            715
    NANDED
    Soyoil refined                                 717            717
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 716, 
    Baramati – 715, Latur - 718, Nanded – 717, Parbhani – 716,
    Koosnoor – 718, Solapur – 717, Supa – 716, Sangli – 719.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open        Previous Close
    Soymeal (Nagpur)                  23,000-23,500           23,000-23,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,900 
    Akola – 23,400, Washim – 23,700, Dhulia – 24,500, Hingoli – 23,900, 
    Jalna – 23,700, Nandurbar – 24,300, Khamgaon – 23,400, Latur – 23,800, 
    Nanded – 23,600, Parbhani – 23,900, Solapur – 23,800, Supa – n.a., 
    Dharwad – 24,000, Sangli – 24,200

WEATHER (NAGPUR)  
Maximum temp. 36.5 degree Celsius, minimum temp. 15.6 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 36 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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