March 6, 2017 / 8:57 AM / 5 months ago

Nagpur Soybean, Soyoil, Soymeal Open-March 06,2017

Nagpur Soybean, Soyoil, Soymeal Open-March 6 

Nagpur, Mar 6 (Reuters) – Linseed and rapeseed oil today suffered heavily in Vidarbha region of
Western Maharashtra on stockists selling, driven by higher arrival from producing regions. Fall
in demand from millers and retailers also put pressure on these oil. Besides, sufficient stocks
and weak trend in producing regions also pulled down prices, sources said Monday.


                       *****    

VIDARBHA MARKETS
OILS

  * On the other hand, castor oil today recovered strongly here on good buying support 
    from local traders amid tight supply from producing regions.
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined and 
    coconut KP oil today ruled steady here in thin trading activity. 
  * Traders expect downward trend in linseed and rapeseed oil.
    
   SOYMEAL

   * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
   * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing
     Committee (APMC) on good demand from local crushing plants amid weak supply from 
     producing regions. Healthy rise on NCDEX, upward trend in Madhya Pradesh soyabean 
     prices and reported demand from South-based plants also pushed 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    25,000-27,100       25,000-26,600         --
    (Available price)
    Market delivery    25,100-27,200       25,100-27,000          --
    (Traders price)
    Plant delivery     28,500-29,800       28,500-29,800          --

    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               25,000-26,800
    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 -29,400, Washim – 28,500, Dhulia – 29,700, Hingoli – 28,900, 
    Jalna – 27,500, Koosnoor – 30,300, Malkapur – 29,000, Latur – 29,100, 
    Nanded – 28,900, Solapur – 29,100, Sangli – 29,800.
        
    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            n.a.              n.a.              5,305-5,610

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Monday 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                          880            880
    Linseed oil                                    910            920
    Rapeseed oil (for 15 kg)                       1,220          1,230
    Castor oil (for 15 kg)                         1,340          1,330
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 700            700
    Soyoil Solvent                                 662            662
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 700            700
    Soyoil Solvent                                 660            660        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 710            710
  
    AURANGABAD
    Soyoil refined 
                                                709            709
    JALNA
    Soyoil refined 
                                                   711            711
    NANDED
    Soyoil refined                                 712            712
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 710, 
    Baramati – 713, Latur - 710, Nanded – 708, Parbhani – 710,
    Koosnoor – 709, Solapur – 711, Supa – 711, Sangli – 714.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open        Previous Close
    Soymeal (Nagpur)                  23,200-23,500         23,200-23,500
      
    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. 36.2 degree Celsius, minimum temp. 17.3 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 36 and 17 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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