May 29, 2017 / 8:29 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 29, 2017

Nagpur Soybean, Soyoil, Soymeal Open-May 29 

Nagpur, May 29 (Reuters) – In range-bound trade, soyabean oil moved down at the Vidarbha region
of Western Maharashtra today largely on reduced offtake amid weak global trend. Sentiment turned
bearish after Malaysian palm oil reported downward trend. Fresh fall on NCDEX in soyabean oil
and easy condition 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 ruled steady here in limited deals. 
  * Traders expect further fall in soyabean oil prices.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position.
         
   SOYABEAN
   * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor buying support from local crushing plants. Fresh fall in 
     soyabean oil prices, no taker to soymeal and easy condition in Madhya Pradesh 
     soyabean prices also affected prices prices. Heavy pre-monsoon rains yesterday 
     evening affected arrival.
     About 800 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    25,000-27,300       25,000-27,500         --
    (Available price)
    Market delivery    25,100-27,400       25,100-27,600          --
    (Traders price)
    Plant delivery     27,500-29,000       27,500-29,000          --

    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                  600               24,8700-27,000
    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 -29,100, Washim – 29,000, Dhulia – 29,800, Hingoli – 28,800, 
    Jalna – 29,300, Koosnoor – 29,200, Malkapur – 29,600, Latur – 28,700, 
    Nanded – 29,100, Solapur – 29,000, Sangli – 29,500.
        
    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.           4,300-4,600
    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.           5,400-5,800 
    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.             4,950-5,025

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         660            662
    Soyoil solvent crushing plant delivery         619            622    
    Cottonseed refined                             645            645
    Cottonseed solvent                             625            625
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,790          1,790
    Sunflower oil refined                          720            720
    Linseed oil                                    740            740
    Rapeseed oil (for 15 kg)                       1,140          1,140
    Castor oil (for 15 kg)                         1,550          1,550
    Coconut KP oil (for 15 kg)                     2,380          2,380

    AMRAVATI
    Soyoil refined                                 666            669
    Soyoil Solvent                                 626            629
    Cottonseed refined                             645            645
    Cottonseed solvent                             625            625

    AKOLA
    Soyoil refined                                 665            668
    Soyoil Solvent                                 625            628        
    Cottonseed refined oil                         645          645 
    Cottonseed solvent                             625            625

    DHULIA
    Soyoil refined                                 666            671
  
    AURANGABAD
    Soyoil refined 
                                                665            670
    JALNA
    Soyoil refined 
                                                   666            668
    NANDED
    Soyoil refined                                 667            670
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 666, 
    Baramati – 664, Latur - 668, Nanded – 667, Parbhani – 667,
    Koosnoor – 665, Solapur – 665, Supa – 668, Sangli – 669.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open      Previous Close
    Soymeal (Nagpur)                  24,000-24,500        24,000-24,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 24,700 
    Akola – 24,200, Washim – 24,600, Dhulia – 24,7200, Hingoli – 24,700, 
    Jalna – 24,5200, Nandurbar – 24,000, Khamgaon – 24,100, Latur – 24,000, 
    Nanded – 24,0500, Parbhani – 24,300, Solapur – 24,700, Supa – n.a., 
    Dharwad – 25,000, Sangli – 25,500

WEATHER (NAGPUR)  
Maximum temp. 44.0 degree Celsius, minimum temp. 22.6 degree Celsius 
Rainfall : 25.6 mm
FORECAST: Partly cloudy sky. One or two spells of rains likely. Maximum and minimum temperature
would be around and 44 and 25 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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