April 18, 2017 / 8:03 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 18, 2017

7 Min Read

Nagpur Soybean, Soyoil, Soymeal Open-April 18 

Nagpur, April 18 (Reuters) – About five dollar fall in last five sessions in overseas edible oil
started showing its effects on edible and non-edible oils here. Major edible and non-edible oils
today moved down in Vidarbha region of Western Maharashtra on lack of demand from local traders
amid release of stock from stockists. Easy condition in Madhya Pradesh oils also affected
sentiment, according to sources.

                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, sunflowr oil edible section and linseed, rapeseed & castor oil in non-
    edible section today declined here in absence of buyers amid good supply from 
    producing regions.
  * Cottonseed, groundnut loose, groundnut refined and coconut KP oil today ruled steady
    here in sluggish trading activity.
  * Traders expect downward trend in non-edible oils here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders. Weak 
     trend in overseas soymeal prices also affected sentiment.
         
   SOYABEAN
   * Soyabean prices recovered in Nagpur Agriculture Produce Marketing
     Committee (APMC) on good demand from local crushing plants and weak supply from 
     producing regions. Healthy rise in Madhya Pradesh soyabean prices and reported 
     demand from South-based millers also jacked up prices. 
     About 600 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    25,500-28,600       25,000-28,500         --
    (Available price)
    Market delivery    25,600-28,700       25,100-28,600          --
    (Traders price)
    Plant delivery     29,500-31,000       29,500-31,000          --

    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                  200               24,700-28,300
    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 -30,500, Washim – 30,300, Dhulia – 30,300, Hingoli – 31,100, 
    Jalna – 30,500, Koosnoor – 30,500, Malkapur – 29,400, Latur – 31,100, 
    Nanded – 31,100, Solapur – 31,300, Sangli – 31,000.
        
    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.                5,500-6,000 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,350-1,500
    Dhan            n.a.                n.a.             2,200-2,250
    Cotton            n.a.              n.a.             4,950-5,450

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Tuesday open   Previous close   
   
    Soyoil refined crushing plant delivery         655            658
    Soyoil solvent crushing plant delivery         615            618    
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580
    Groundnut oil (loose)                          1,140          1,140
    Groundnut oil refined (15 Litre)               1,780          1,780
    Sunflower oil refined                          860            880
    Linseed oil                                    860            870
    Rapeseed oil (for 15 kg)                       1,160          1,170
    Castor oil (for 15 kg)                         1,610          1,630
    Coconut KP oil (for 15 kg)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 649            654
    Soyoil Solvent                                 609            620
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580

    AKOLA
    Soyoil refined                                 648            654
    Soyoil Solvent                                 607            612        
    Cottonseed refined oil                         600          600 
    Cottonseed solvent                             580            580

    DHULIA
    Soyoil refined                                 662            665
  
    AURANGABAD
    Soyoil refined 
                                                662            664
    JALNA
    Soyoil refined 
                                                   662            664
    NANDED
    Soyoil refined                                 664            669
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 664, 
    Baramati – 665, Latur - 662, Nanded – 666, Parbhani – 663,
    Koosnoor – 665, Solapur – 663, Supa – 666, Sangli – 665.
                                     
Nagpur soymeal prices in rupees per tonne

                  Tuesday’s open      Previous Close
    Soymeal (Nagpur)                  25,200-25,600         25,200-25,600
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,000 
    Akola – 24,900, Washim – 24,900, Dhulia – 26,800, Hingoli – 25,700, 
    Jalna – 26,700, Nandurbar – 26,500, Khamgaon – 24,900, Latur – 25,800, 
    Nanded – 25,800, Parbhani – 25,500, Solapur – 26,600, Supa – n.a., 
    Dharwad – 26,200, Sangli – 26,500

WEATHER (NAGPUR)  
Maximum temp. 44.0 degree Celsius, minimum temp. 26.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 44 and 26 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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