March 10, 2017 / 8:23 AM / 5 months ago

Nagpur Soybean, Soyoil, Soymeal Open-March 10,2017

Nagpur Soybean, Soyoil, Soymeal Open-March 10 

Nagpur, Mar 10 (Reuters) – The slide in soyabean oil prices continued unabated in Vidarbha
region of Western Maharashtra for fourth day today on persistent selling by stockists amid good
supply from producing regions and weak trends in overseas markets. Sentiment turned bearish as
Malaysian palm oil and American soya digam reported down. Fresh fall on NCDEX in soyabean oil
and downward trend in Madhya Pradesh edible oil prices also affected sentiment, according to
sources.



                       *****    

VIDARBHA MARKETS
OILS

  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, 
    castor and coconut KP oil today ruled steady here in sluggish trading activity. 
  * Traders expect downward trend in soyabean oil.
    
   SOYMEAL

   * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
   * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing
     Committee (APMC) on lack of demand from local crushing plants amid high moisture 
     content arrival. Further fall in soyabean oil, no takers to soymeal, downward trend 
     on NCDEX and release of stock from stockists also pulled down prices in weak trading 
     activity. 
     Nearly 900 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    25,000-26,900       25,000-27,200         --
    (Available price)
    Market delivery    25,100-27,000       25,100-27,300          --
    (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                  400               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 – 29,500, 
    Jalna – 27,500, Koosnoor – 30,300, Malkapur – 29,000, Latur – 29,000, 
    Nanded – 28,900, Solapur – 29,500, 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
                                Friday open   Previous close   
   
    Soyoil refined crushing plant delivery         695            698
    Soyoil solvent crushing plant delivery         655            659    
    Cottonseed refined                             727            730
    Cottonseed solvent                             707            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                                 688            692
    Soyoil Solvent                                 648            652
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 689            691
    Soyoil Solvent                                 651            654        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 699            703
  
    AURANGABAD
    Soyoil refined 
                                                701            702
    JALNA
    Soyoil refined 
                                                   701            704
    NANDED
    Soyoil refined                                 702            705
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 695, 
    Baramati – 698, Latur - 698, Nanded – 698, Parbhani – 701,
    Koosnoor – 699, Solapur – 702, Supa – 702, Sangli – 703.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’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. 35.9 degree Celsius, minimum temp. 20.8 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 35 and 20 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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