June 2, 2017 / 7:56 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 02, 2017

Nagpur Soybean, Soyoil, Soymeal Open-June 2 

Nagpur, June 2 (Reuters) – In range-bound trade, rapeseed oil in non-edible section moved down
at the Vidarbha region of Western Maharashtra today largely on reduced offtake amid trend in
producing region. Release of stock from stockists and easy condition in Madhya Pradesh rapeseed
oil also affected prices. Sentiment turned bearish in major edible oil after American soya digam
reported downward trend, according to sources.

                       *****    

VIDARBHA MARKETS
OILS

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

   * Soymeal prices today ruled steady here but demand was poor. Fresh fall in overseas 
     soymeal prices also affected sentiment.
         
   SOYABEAN
   * Soyabean prices recovered in Nagpur Agriculture Produce Marketing
     Committee (APMC) on increased demand from local crushing plants amid weak supply 
     from producing region. Fresh hike in Madhya Pradesh soyabean prices and enquiries 
     from South-based plants also jacked up prices. Farmers strike in over Maharashtra 
     affected arrival.
     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    24,000-27,300       24,000-27,000         --
    (Available price)
    Market delivery    24,100-27,400       24,100-27,100          --
    (Traders price)
    Plant delivery     27,500-28,200       27,500-28,200          --

    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                  500               24,000-27,000
    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 -28,200, Washim – 28,200, Dhulia – 27,700, Hingoli – 28,000, 
    Jalna – 28,300, Koosnoor – 28,600, Malkapur – 28,600, Latur – 28,500, 
    Nanded – 27,800, Solapur – 28,500, Sangli – 28,600.
        
    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
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         657            657
    Soyoil solvent crushing plant delivery         618            618    
    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            730
    Linseed oil                                    740            740
    Rapeseed oil (for 15 kg)                       1,120          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                                 661            661
    Soyoil Solvent                                 621            621        
    Cottonseed refined oil                         645          645 
    Cottonseed solvent                             625            625

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

                  Friday’s open      Previous Close
    Soymeal (Nagpur)                  23,500-24,000       23,500-24,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 24,200 
    Akola – 23,700, Washim – 24,100, Dhulia – 23,900, Hingoli – 24,200, 
    Jalna – 24,000, Nandurbar – 24,000, Khamgaon – 23,800, Latur – 24,000, 
    Nanded – 24,500, Parbhani – 24,100, Solapur – 24,200, Supa – n.a., 
    Dharwad – 24,400, Sangli – 24,800

WEATHER (NAGPUR)  
Maximum temp. 40.8 degree Celsius, minimum temp. 28.2 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 41 and 27
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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