May 31, 2017 / 7:53 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 31, 2017

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Nagpur Soybean, Soyoil, Soymeal Open-May 31 

Nagpur, May 31 (Reuters) – Barring a rise in sunflower oil in edible section, major edible and
non-edible oil prices today generally ruled flat in the Vidarbha region of Western Maharashtra
in the absence of any worthwhile trading activity. Notable rise in demand from millers and
retailers against inadequate stocks mainly pushed sunflower oil prices up. Weak trend in
Malaysian palm oil and American soya digam prices affected sentiment in thin trading activity,
according to sources.


                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, cottonseed, groundnut loose, groundnut refined, linseed, rapeseed, 
    castor and coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL

   * Soymeal prices today quoted static here but demand was poor.
         
   SOYABEAN
   * Soyabean prices reported weak in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor demand from local crushing plants. No takers to soyabean 
     oil & soymeal, easy condition in Madhya soyabean prices and high moisture content 
     arrival also pushed down prices in thin deals. 
     About 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    24,000-26,500       24,000-26,800         --
    (Available price)
    Market delivery    24,100-26,600       24,100-26,900          --
    (Traders price)
    Plant delivery     27,500-28,200       27,500-28,500          --

    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               24,000-26,100
    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 -28,200, Washim – 28,200, Dhulia – 27,700, Hingoli – 28,300, 
    Jalna – 28,300, Koosnoor – 28,600, Malkapur – 28,600, Latur – 28,400, 
    Nanded – 28,000, Solapur – 28,700, 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
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         655            655
    Soyoil solvent crushing plant delivery         615            615    
    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                          730            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            662
    Soyoil Solvent                                 622            622
    Cottonseed refined                             645            645
    Cottonseed solvent                             625            625

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

    DHULIA
    Soyoil refined                                 661            661
  
    AURANGABAD
    Soyoil refined 
                                                660            660
    JALNA
    Soyoil refined 
                                                   661            661
    NANDED
    Soyoil refined                                 662            662
   
    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

                  Wednesday’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 – 24,200, Hingoli – 24,700, 
    Jalna – 24,5200, Nandurbar – 24,000, Khamgaon – 24,100, Latur – 24,000, 
    Nanded – 24,500, Parbhani – 24,300, Solapur – 24,700, Supa – n.a., 
    Dharwad – 24,900, Sangli – 25,200

WEATHER (NAGPUR)  
Maximum temp. 41.1 degree Celsius, minimum temp. 24.8 degree Celsius 
Rainfall : 0.2 mm
FORECAST: Partly cloudy sky. Rains or thunder-showers likely towards evening or night. Maximum
and minimum temperature would be around and 41 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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