June 22, 2017 / 7:53 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 22, 2017

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Nagpur Soybean, Soyoil, Soymeal Open-June 22 

Nagpur, June 22 (Reuters) – The slide in soyabean oil prices continued unabated in Vidarbha
region of Western Maharashtra for third day today on persistent selling by stockists amid good
supply from producing regions and weak trends in overseas markets. Sentiment turned bearish as
Malaysian palm oil and American soya digam reported down. Fresh fall on NCDEX and downward trend
in Madhya Pradesh edible oil prices also affected sentiment, according to sources.

                       *****
VIDARBHA MARKETS
OILS

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

   * Soymeal prices today quoted static here in absence of buyers. 
         
   SOYABEAN
   * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing
     Committee (APMC) on increased seasonal demand from local crushing plants amid weak 
     supply from producing regions. Fresh hike in Madhya Pradesh soyabean prices and 
     reported demand from South-based plants also helped to push 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    25,000-28,300       25,000-28,000         --
    (Available price)
    Market delivery    25,100-28,400       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                  300               25,500-27,500
    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 -29,200, Washim – 29,200, Dhulia – 29,200, Hingoli – 29,500, 
    Jalna – 29,000, Koosnoor – 29,000, Malkapur – 28,800, Latur – 29,300, 
    Nanded – 29,600, Solapur – 29,200, Sangli – 29,500.
        
    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
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         662            664
    Soyoil solvent crushing plant delivery         622            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                                 661            663
    Soyoil Solvent                                 621            625
    Cottonseed refined                             650            650
    Cottonseed solvent                             630            630

    AKOLA
    Soyoil refined                                 661            663
    Soyoil Solvent                                 621            624        
    Cottonseed refined oil                         650          650 
    Cottonseed solvent                             630            630

    DHULIA
    Soyoil refined                                 667            670
  
    AURANGABAD
    Soyoil refined 
                                                669            671
    JALNA
    Soyoil refined 
                                                   667            670
    NANDED
    Soyoil refined                                 669            672
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 669, 
    Baramati – 666, Latur - 668, Nanded – 668, Parbhani – 670,
    Koosnoor – 667, Solapur – 668, Supa – 669, Sangli – 670.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’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. 24.7 degree Celsius 
Rainfall : 1.4 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 25 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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