March 9, 2017 / 9:25 AM / 5 months ago

Nagpur Soybean, Soyoil, Soymeal Open-March 09,2017

Nagpur Soybean, Soyoil, Soymeal Open-March 9 

Nagpur, Mar 9 (Reuters) – Barring a fall in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled soyabean oil prices down. Easy condition on international edible oil market
also affected sentiment, sources said Thursday.


                       *****    

VIDARBHA MARKETS
OILS

  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, 
    castor and coconut KP oil today ruled steady here in limited deals. 
  * Traders expect further fall in soyabean oil.
    
   SOYMEAL

   * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
   * Soyabean prices moved down in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor demand from local crushing plants. Further fall in soyabean 
     oil, no takers to soymeal, weak trend on NCDEX and reports about good arrival in 
     Madhya Pradesh soyabean mandi also pushed down prices in thin trading activity. 
     Nearly 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    25,000-27,000       25,000-27,300         --
    (Available price)
    Market delivery    25,100-27,100       25,100-27,400          --
    (Traders price)
    Plant delivery     28,000-29,200       28,000-29,200          --

    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               25,000-26,700
    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 – 29,600, 
    Jalna – 27,500, Koosnoor – 30,300, Malkapur – 29,000, Latur – 29,100, 
    Nanded – 29,200, Solapur – 29,600, 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
                                Thursday open   Previous close   
   
    Soyoil refined crushing plant delivery         697            702
    Soyoil solvent crushing plant delivery         657            660    
    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            900
    Rapeseed oil (for 15 kg)                       1,210          1,210
    Castor oil (for 15 kg)                         1,300          1,340
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 692            696
    Soyoil Solvent                                 651            654
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 693            695
    Soyoil Solvent                                 653            656        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 701            703
  
    AURANGABAD
    Soyoil refined 
                                                703            706
    JALNA
    Soyoil refined 
                                                   703            706
    NANDED
    Soyoil refined                                 704            708
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 695, 
    Baramati – 699, Latur - 698, Nanded – 698, Parbhani – 700,
    Koosnoor – 698, Solapur – 701, Supa – 701, Sangli – 703.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open      Previous Close
    Soymeal (Nagpur)                  22,700-23,000         22,700-23,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,400 
    Akola – 23,400, Washim – 23,200, Dhulia – 24,000, Hingoli – 23,400, 
    Jalna – 23,300, Nandurbar – 23,800, Khamgaon – 23,000, Latur – 22,800, 
    Nanded – 23,100, Parbhani – 23,000, Solapur – 23,900, Supa – n.a., 
    Dharwad – 23,600, Sangli – 23,700

WEATHER (NAGPUR)  
Maximum temp. 32.2 degree Celsius, minimum temp. 16.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 33 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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