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Nagpur Soybean, Soyoil, Soymeal Open- April 20, 2017
April 20, 2017 / 8:47 AM / in 6 months

Nagpur Soybean, Soyoil, Soymeal Open- April 20, 2017

Nagpur, April 20 (Reuters) – Soyabean oil today declined further in Vidarbha region of Western
Maharashtra on stockists selling looking towards month ending, driven by higher imports amid
weak trend in producing regions. Trading activity was reported thin here because of good
recovery in American soya digam and Malaysian palm oil prices and traders adopted wait and watch
move, sources said Thursday.

                       *****    

VIDARBHA MARKETS
OILS

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

   * Soymeal prices today recovered further on increased demand from South-based traders 
     Amid thin supply from local crushing plants.
         
   SOYABEAN
   * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing
     Committee (APMC) on good buying support from local crushing plants amid thin supply 
     from producing regions. Notable rise in soymeal last three trading sessions and 
     upward trend in Madhya Pradesh soyabean also helped to push up prices.  
     About 500 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    25,000-28,600       25,000-28,300         --
    (Available price)
    Market delivery    25,100-28,700       25,100-28,400          --
    (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                  300               24,900-28,300
    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 -30,600, Washim – 30,600, Dhulia – 30,300, Hingoli – 31,100, 
    Jalna – 30,500, Koosnoor – 30,500, Malkapur – 29,400, Latur – 31,000, 
    Nanded – 31,200, Solapur – 31,300, Sangli – 31,100.
        
    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            20              4,950-5,025      4,950-5,450

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Thursday open   Previous close   
   
    Soyoil refined crushing plant delivery         647            650
    Soyoil solvent crushing plant delivery         607            612    
    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                          840            840
    Linseed oil                                    840            840
    Rapeseed oil (for 15 kg)                       1,160          1,160
    Castor oil (for 15 kg)                         1,600          1,600
    Coconut KP oil (for 15 kg)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 645            650
    Soyoil Solvent                                 605            610
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580

    AKOLA
    Soyoil refined                                 644            648
    Soyoil Solvent                                 604            610        
    Cottonseed refined oil                         600          600 
    Cottonseed solvent                             580            580

    DHULIA
    Soyoil refined                                 654            657
  
    AURANGABAD
    Soyoil refined 
                                                656            662
    JALNA
    Soyoil refined 
                                                   655            658
    NANDED
    Soyoil refined                                 656            668
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 657, 
    Baramati – 656, Latur - 654, Nanded – 657, Parbhani – 657,
    Koosnoor – 654, Solapur – 655, Supa – 656, Sangli – 658.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open      Previous Close
    Soymeal (Nagpur)                  25,600-26,000         25,400-25,700
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,500 
    Akola – 25,800, Washim – 25,900, Dhulia – 26,800, Hingoli – 26,000, 
    Jalna – 26,300, Nandurbar – 26,600, Khamgaon – 25,900, Latur – 25,800, 
    Nanded – 25,800, Parbhani – 25,500, Solapur – 26,600, Supa – n.a., 
    Dharwad – 26,400, Sangli – 26,700

WEATHER (NAGPUR)  
Maximum temp. 45.5 degree Celsius, minimum temp. 25.0 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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