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Nagpur Soybean, Soyoil, Soymeal Open- JUN 14, 2017
June 14, 2017 / 8:17 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 14, 2017

Nagpur Soybean, Soyoil, Soymeal Open-June 14 

Nagpur, June 14 (Reuters) – Soyabean oil prices strengthened in Vidarbha region of Western
Maharashtra on increased offtake by vanaspati millers amid a firming global trend. Buying
activity in edible oils picked up as Malaysian palm oil and American soya digam climbed in
overseas markets. Healthy rise on NCDEX and reported demand from South-based traders also
boosted prices, sources said Wednesday.



                       *****
VIDARBHA MARKETS
OILS

  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect quiet condition in major edible oils here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position. 
         
   SOYABEAN
   * Soyabean prices moved down Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor demand from local crushing plants amid high moisture 
     content arrival. No takers to soymeal and release of stock from stockists also 
     pulled down prices.  
     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    25,000-27,100       25,000-27,400         --
    (Available price)
    Market delivery    25,100-27,200       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                  300               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 – 29,100, 
    Jalna – 28,200, Koosnoor – 28,400, Malkapur – 28,200, Latur – 29,100, 
    Nanded – 29,200, Solapur – 29,200, Sangli – 29,300.
        
    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         664            662
    Soyoil solvent crushing plant delivery         624            622    
    Cottonseed refined                             650            650
    Cottonseed solvent                             630            630
    Groundnut oil (loose)                          1,120          1,120
    Groundnut oil refined (15 Litre)               1,730          1,730
    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          1,530
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 664            663
    Soyoil Solvent                                 624            623
    Cottonseed refined                             650            650
    Cottonseed solvent                             630            630

    AKOLA
    Soyoil refined                                 664            662
    Soyoil Solvent                                 624            622        
    Cottonseed refined oil                         650          650 
    Cottonseed solvent                             630            630

    DHULIA
    Soyoil refined                                 668            666
  
    AURANGABAD
    Soyoil refined 
                                                667            666
    JALNA
    Soyoil refined 
                                                   669            668
    NANDED
    Soyoil refined                                 668            665
   
    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

                  Wednesday’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. 35.8 degree Celsius, minimum temp. 25.5 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with rains or thunder-showers likely. Maximum and minimum
temperature would be around and 36 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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