June 19, 2017 / 7:42 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 19, 2017

Nagpur Soybean, Soyoil, Soymeal Open-June 19 

Nagpur, June 19 (Reuters) – Soyabean and coconut KP oil prices today 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 because of good hike in overseas markets. Fresh
rise on NCDEX in soyabean oil and reported demand from South-based traders also boosted prices,
sources said Monday.

                       *****
VIDARBHA MARKETS
OILS

  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, castor 
    and rapeseed oil ruled steady here in thin trading activity. 
  * Traders expect upward trend in coconut KP oil here.
    
   SOYMEAL

   * Soymeal prices today reported higher on good buying support from South-based traders. 
         
   SOYABEAN
   * Soyabean prices firmed up in Nagpur Agriculture Produce Marketing
     Committee (APMC) on good demand from local crushing plants amid weak supply from 
     producing regions. Notable rise in Madhya Pradesh soyabean prices and reported 
     demand from South-based plants also jacked up prices.
     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    25,000-27,900       25,000-27,500         --
    (Available price)
    Market delivery    25,100-28,000       25,100-27,600          --
    (Traders price)
    Plant delivery     28,600-29,000       28,600-29,000          --

    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                  200               25,000-27,500
    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 – 29,200, Dhulia – 29,000, Hingoli – 29,500, 
    Jalna – 29,000, Koosnoor – 29,000, Malkapur – 28,800, Latur – 29,300, 
    Nanded – 29,500, 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
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         667            664
    Soyoil solvent crushing plant delivery         627            624    
    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                          720            720
    Linseed oil                                    760            760
    Rapeseed oil (for 15 kg)                       1,120          1,120
    Castor oil (for 15 kg)                         1,520          1,520
    Coconut KP oil (for 15 kg)                     2,390          2,380

    AMRAVATI
    Soyoil refined                                 666            664
    Soyoil Solvent                                 626            624
    Cottonseed refined                             650            650
    Cottonseed solvent                             630            630

    AKOLA
    Soyoil refined                                 666            665
    Soyoil Solvent                                 626            624        
    Cottonseed refined oil                         650          650 
    Cottonseed solvent                             630            630

    DHULIA
    Soyoil refined                                 672            670
  
    AURANGABAD
    Soyoil refined 
                                                672            669
    JALNA
    Soyoil refined 
                                                   673            670
    NANDED
    Soyoil refined                                 672            670
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 673, 
    Baramati – 670, Latur - 671, Nanded – 672, Parbhani – 672,
    Koosnoor – 671, Solapur – 670, Supa – 674, Sangli – 674.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open      Previous Close
    Soymeal (Nagpur)                  23,600-24,000        23,400-23,800
      
    Soymeal prices at other places in Maharashtra : Adilabad – 24,400 
    Akola – 23,900, Washim – 24,300, Dhulia – 24,100, Hingoli – 24,400, 
    Jalna – 24,200, Nandurbar – 24,200, Khamgaon – 24,000, Latur – 24,200, 
    Nanded – 24,700, Parbhani – 24,300, Solapur – 24,400, Supa – n.a., 
    Dharwad – 24,600, Sangli – 24,900

WEATHER (NAGPUR)  
Maximum temp. 40.4 degree Celsius, minimum temp. 27.6 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Possibility of rains or thunder-showers likely towards evening or
night. Maximum and minimum temperature would be around and 40 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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