October 14, 2016 / 10:16 AM / a year ago

Nagpur Soybean, Soyoil, Soymeal Open- Oct 14

Nagpur Soybean, Soyoil, Soymeal Open-October 14

Nagpur, Oct 14 (Reuters) - Groundnut, linseed and coconut KP oil today declined sharply in
Vidarbha region of Western Maharashtra on stockists selling, driven by higher arrival from
producing regions. Fall in demand from millers and retailers also put pressure on these oils.
Besides, sufficient stocks and weak trend in producing regions also pulled down prices, sources
said Tuesday.
     
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    VIDARBHA MARKETS
    OILS
   
   * Soyabean, cottonseed, sunflower refined and castor oil ruled steady here in limited 
     trading activity. 
   * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL
   * Weak trend in soymeal continued here on lack of demand from crushing plants. Further 
     fall in international soymeal prices also affected sentiment in thin trading 
     activity.
        
   SOYABEAN
   * Soyabean prices moved down in Nagpur Agriculture Produce and Marketing     
     Committee (APMC) on poor demand from local crushing plants amid high moisture 
     content arrival. No takers to soyabean oil, fresh fall in soymeal also affected 
     sentiment.  
     Nearly 900 soyabean bags (moisture content about 20 per cent) 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    25,000-29,000       26,000-29,700         --
    (Available price)
    Market delivery    25,100-29,100       26,100-29,800          --
    (Traders price)
    Plant delivery     30,300-30,600       30,500-30,900          --

    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                  200            26,900-30,500
    Amravati               200                   25,700-30,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            26,000-30,000 
    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., 
    Washim - 30,500, Dhulia - 30,750, Hingoli - 29,500, Jalna - 31,000,
    Koosnoor - 30,200, Malkapur - 34,700, Latur - 27,900, Nanded - 29,500, 
    Solapur - 30,100, 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) 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.            4,200-4,600
    Castor                 n.a.            n.a.            3,000-3,200
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,500-8,000
    Dhaniya                n.a.            n.a.            7,000-7,500 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.          1,350-1,376
    Dhan            n.a.               n.a.            1,800-1,950

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                 Friday's open   Previous close   
   
    Soyoil refined crushing plant delivery         699            699
    Soyoil solvent crushing plant delivery         660            660    
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695
    Groundnut oil (loose)                          1,150          1,160
    Groundnut oil refined (15 Litre)               1,880          1,900
    Sunflower oil refined                          990            990
    Linseed oil                                    1,150          1,160
    Rapeseed oil (for 15 kg)                       1,190          1,190
    Castor oil (for 15 kg)                         1,250          1,250
    Coconut KP oil (for 15 kg)                     1,850          1,880

    AMRAVATI
    Soyoil refined                                 694            694
    Soyoil Solvent                                 654            654
    Cottonseed refined                             710            710
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 695            695
    Soyoil Solvent                                 655            655        
    Cottonseed refined oil                         710          710 
    Cottonseed solvent                             690            690

    DHULIA
    Soyoil refined                                 707            707
  
    AURANGABAD
    Soyoil refined 
                                                707            707
    JALNA
    Soyoil refined 
                                                   709            709
    NANDED
    Soyoil refined                                 709            709
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 707, 
    Baramati - 707, Chalisgaon - 709, Pachora - 710, Parbhani - 708,
    Koosnoor - 708, Solapur - 709, Supa - 708, Sangli - 710.
                                     
Nagpur soymeal prices in rupees per tonne

                   Friday's open      Previous Close
    Soymeal (Nagpur)                   28,500-29,000       29,000-29,500
    
    Soymeal prices at other places in Maharashtra : Adilabad - 29,500 
    Akola - 28,700, Washim - 29,100, Dhulia - 29,200, Hingoli - 29,600, 
    Jalna - 30,000, Nandurbar - 29,700, Khamgaon - 28,300, Latur - 29,000, 
    Nanded - 29,500, Pachora - n.a., Solapur - 28,100, Supa - n.a., Dharwad - 
    29,200, Sangli - 28,500

WEATHER (NAGPUR)  
Maximum temp. 34.0 degree Celsius (93.2 degree Fahrenheit), minimum temp.
15.0 degree Celsius (68.5 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 34 and 15
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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