March 7, 2017 / 7:30 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open-March 07,2017

Nagpur Soybean, Soyoil, Soymeal Open-March 7 

Nagpur, Mar 7 (Reuters) – The slide in linseed and rapeseed oil in non-edible section, 
continued unabated in Vidarbha region of Western Maharashtra for second day today on persistent
selling by stockists amid good supply from producing regions and weak trends in producing
regions. Sentiment turned bearish because of release of stock from stockists. Trading activity
in other edible reported weak because of fresh rise in overseas oil prices, according to
sources.


                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, castor
    and coconut KP oil today ruled steady here in thin trading activity. 
  * Traders expect further fall in linseed oil here.
    
   SOYMEAL

   * Soymeal prices today recovered marginally on good demand from South-based traders
     amid tight supply from crushing plants.
         
   SOYABEAN
   * Soyabean prices moved down in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor demand from local crushing plants amid high moisture 
     content arrival. Fresh fall in Madhya Pradesh soyabean prices and release of stock 
     from stockists also pushed down prices.
     About 1,000 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       25,000-27,300         --
    (Available price)
    Market delivery    25,100-27,200       25,100-27,100          --
    (Traders price)
    Plant delivery     28,000-29,300       28,000-29,300          --

    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                  400               25,000-26,900
    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
                                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                          880            880
    Linseed oil                                    900            910
    Rapeseed oil (for 15 kg)                       1,210          1,220
    Castor oil (for 15 kg)                         1,340          1,340
    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

                  Tuesday’s open        Previous Close
    Soymeal (Nagpur)                  23,300-23,600         23,200-23,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,900 
    Akola – 23,800, 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 – 23,500, Solapur – 23,800, Supa – n.a., 
    Dharwad – 24,000, Sangli – 24,200

WEATHER (NAGPUR)  
Maximum temp. 33.5 degree Celsius, minimum temp. 17.7 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 34 and 18 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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