May 30, 2017 / 8:06 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 30, 2017

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Nagpur Soybean, Soyoil, Soymeal Open-May 30 

Nagpur, May 30 (Reuters) – The slide in soyabean oil prices continued unabated in Vidarbha
region of Western Maharashtra for second 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 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 ruled steady here in limited deals. 
  * Traders expect downward trend 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 declined sharply in Nagpur Agriculture Produce Marketing
     Committee (APMC) on lack of demand from local crushing plants. Continuous fall in 
     soyabean oil prices, no taker to soymeal since last four sessions and downward trend 
     in Madhya Pradesh soyabean prices also pulled down prices in limited deals. 
     About 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    24,000-26,300       25,000-26,800         --
    (Available price)
    Market delivery    24,100-26,400       25,100-26,900          --
    (Traders price)
    Plant delivery     27,500-28,500       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                  700               24,000-26,000
    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 – 27,900, Hingoli – 28,800, 
    Jalna – 29,300, Koosnoor – 28,900, Malkapur – 28,600, Latur – 28,500, 
    Nanded – 28,000, Solapur – 28,200, Sangli – 28,500.
        
    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
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         655            660
    Soyoil solvent crushing plant delivery         615            620    
    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                                 662            665
    Soyoil Solvent                                 622            626
    Cottonseed refined                             645            645
    Cottonseed solvent                             625            625

    AKOLA
    Soyoil refined                                 662            668
    Soyoil Solvent                                 622            625        
    Cottonseed refined oil                         645          645 
    Cottonseed solvent                             625            625

    DHULIA
    Soyoil refined                                 661            667
  
    AURANGABAD
    Soyoil refined 
                                                660            663
    JALNA
    Soyoil refined 
                                                   661            665
    NANDED
    Soyoil refined                                 662            665
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 661, 
    Baramati – 665, Latur - 663, Nanded – 662, Parbhani – 662,
    Koosnoor – 660, Solapur – 660, Supa – 663, Sangli – 664.
                                     
Nagpur soymeal prices in rupees per tonne

                  Tuesday’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. 41.6 degree Celsius, minimum temp. 23.7 degree Celsius 
Rainfall : 2.0 mm
FORECAST: Partly cloudy sky. Rains or thunder-showers likely towards evening or night. Maximum
and minimum temperature would be around and 42 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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