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Nagpur Soybean, Soyoil, Soymeal Open- JUN 12, 2017
June 12, 2017 / 8:24 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 12, 2017

Nagpur Soybean, Soyoil, Soymeal Open-June 12 

Nagpur, June 12 (Reuters) – Groundndut oil in edible section and castor oil in non-edible
section, declined sharply in Vidarbha region of Western Maharashtra today on persistent selling
by stockists amid good supply from producing regions and weak trends in Madhya Pradesh oils.
Sentiment turned bearish because of release of stock from stockists. Trading activity in other
edible reported weak as no trader was in mood for any commitment because of easy condition on
NCDEX in soyabean oil prices, according to sources.



                       *****
VIDARBHA MARKETS
OILS

  * Soyabean, cottonseed, sunflower refined, linseed, rapeseed and coconut KP oil 
    ruled steady here in sluggish trading activity. 
  * Traders expect further fall in groundnut oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position. 
         
   SOYABEAN
   * Soyabean prices reported weak in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor buying support from local crushing plants. No takers to 
     soyabean oil & soymeal, downward trend in Madhya Pradesh soyabean prices and high
     moisture content arrival also pushed down prices here.
     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    25,000-26,900       25,000-27,400         --
    (Available price)
    Market delivery    25,100-27,000       25,100-27,500          --
    (Traders price)
    Plant delivery     28,400-28,900       28,400-28,900          --

    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                  400               24,700-27,000
    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 -28,000, Washim – 28,000, Dhulia – 28,200, Hingoli – 28,900, 
    Jalna – 28,000, Koosnoor – 28,200, Malkapur – 28,200, Latur – 28,900, 
    Nanded – 29,000, Solapur – 29,000, Sangli – 29,000.
        
    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         663            663
    Soyoil solvent crushing plant delivery         623            623    
    Cottonseed refined                             650            650
    Cottonseed solvent                             630            630
    Groundnut oil (loose)                          1,120          1,130
    Groundnut oil refined (15 Litre)               1,730          1,750
    Sunflower oil refined                          730            730
    Linseed oil                                    760            760
    Rapeseed oil (for 15 kg)                       1,120          1,120
    Castor oil (for 15 kg)                         1,530          1,540
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 664            664
    Soyoil Solvent                                 624            624
    Cottonseed refined                             650            650
    Cottonseed solvent                             630            630

    AKOLA
    Soyoil refined                                 664            664
    Soyoil Solvent                                 624            624        
    Cottonseed refined oil                         650          650 
    Cottonseed solvent                             630            630

    DHULIA
    Soyoil refined                                 668            668
  
    AURANGABAD
    Soyoil refined 
                                                667            667
    JALNA
    Soyoil refined 
                                                   668            668
    NANDED
    Soyoil refined                                 668            668
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 669, 
    Baramati – 668, Latur - 667, Nanded – 669, Parbhani – 663,
    Koosnoor – 667, Solapur – 665, Supa – 668, Sangli – 669.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open      Previous Close
    Soymeal (Nagpur)                  23,400-23,800        23,400-23,800
      
    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. 34.5 degree Celsius, minimum temp. 25.4 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with one or two spells or rains or thunder-showers likely.
Maximum and minimum temperature would be around and 37 and 24 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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