June 21, 2017 / 8:26 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 21, 2017

Nagpur Soybean, Soyoil, Soymeal Open-June 21 

Nagpur, June 21 (Reuters) – Soyabean oil today reported weak in Vidarbha region of Western
Maharashtra on stockists selling looking towards month ending, driven by higher imports amid
weak global cues. Fall in demand from millers and retailers also put pressure on soyabean oil.
Besides, sufficient stocks, downward trend on NCDEX and easy condition in Madhya Pradesh
soyabean oil also affected sentiment in limited deals, sources said Wednesday.

                       *****
VIDARBHA MARKETS
OILS

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

   * Soymeal prices today ruled steady here but demand was poor. 
         
   SOYABEAN
   * Soyabean prices moved down in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor buying support from local crushing plants amid increased 
     supply from producing regions. Fresh fall in soyabean oil, easy condition in other 
     soyabean mandis in the region, high moisture content arrival and release of stock 
     from stockists also pushed down prices.
     About 700 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    25,000-27,750       25,000-28,000         --
    (Available price)
    Market delivery    25,100-27,850       25,100-28,100          --
    (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                  400               24,800-27,500
    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 – 29,200, 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
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         663            665
    Soyoil solvent crushing plant delivery         623            625    
    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)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 664            665
    Soyoil Solvent                                 624            625
    Cottonseed refined                             650            650
    Cottonseed solvent                             630            630

    AKOLA
    Soyoil refined                                 663            666
    Soyoil Solvent                                 624            626        
    Cottonseed refined oil                         650          650 
    Cottonseed solvent                             630            630

    DHULIA
    Soyoil refined                                 669            672
  
    AURANGABAD
    Soyoil refined 
                                                670            673
    JALNA
    Soyoil refined 
                                                   669            670
    NANDED
    Soyoil refined                                 671            672
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 671, 
    Baramati – 668, Latur - 670, Nanded – 670, Parbhani – 672,
    Koosnoor – 669, Solapur – 670, Supa – 672, Sangli – 672.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open     Previous Close
    Soymeal (Nagpur)                  23,600-24,000        23,600-24,000
      
    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. 40.3 degree Celsius, minimum temp. 25.6 degree Celsius 
Rainfall : 0.6 mm
FORECAST: Partly cloudy sky. Possibility of rains or thunder-showers likely towards evening or
night. Maximum and minimum temperature would be around and 39 and 26 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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