October 17, 2016 / 9:11 AM / 9 months ago

Nagpur Soybean, Soyoil, Soymeal Open- Oct 17

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Nagpur Soybean, Soyoil, Soymeal Open-October 17

Nagpur, Oct 17 (Reuters) - Barring a healthy rise in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Notable rise in demand from millers and retailers against
inadequate stocks mainly pushed soyabean oil prices up. Strong rally in Malaysian palm oil also
boosted sentiment, sources said Monday.
     
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    VIDARBHA MARKETS
    OILS

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

   * Soymeal prices ruled steady here on subdued demand from South-based traders amid 
     ample stock in ready position.
        
   SOYABEAN
   * Soyabean prices reported down in Nagpur Agriculture Produce and Marketing     
     Committee (APMC) on poor demand from local crushing plants amid poor quality arrival 
     from producing region. Fresh fall in Madhya Pradesh soyabean prices and good supply 
     from producing belts also pushed down prices.
     About 2,000 soyabean bags reported for auctions here. High moisture content (about 
     20 per cent) is available at Rs 23,000 per tonne, 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       25,000-29,200         --
    (Available price)
    Market delivery    25,100-29,100       25,100-29,300          --
    (Traders price)
    Plant delivery     29,500-30,000       29,500-30,000          --

    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            25,200-28,500
    Amravati               500                   24,900-28,800 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            25,000-29,100 
    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 - 29,900, Hingoli - 30,200, Jalna - 30,700,
    Koosnoor - 30,200, Malkapur - 30,700, Latur - 30,200, Nanded - 30,200, 
    Solapur - 29,700, Sangli - 30,000.
        
    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
                                 Monday's open   Previous close   
   
    Soyoil refined crushing plant delivery         710            704
    Soyoil solvent crushing plant delivery         670            665    
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,880          1,880
    Sunflower oil refined                          990            990
    Linseed oil                                    1,150          1,150
    Rapeseed oil (for 15 kg)                       1,200          1,200
    Castor oil (for 15 kg)                         1,250          1,250
    Coconut KP oil (for 15 kg)                     1,850          1,850

    AMRAVATI
    Soyoil refined                                 705            701
    Soyoil Solvent                                 665            662
    Cottonseed refined                             710            710
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 705            702
    Soyoil Solvent                                 665            660        
    Cottonseed refined oil                         710          710 
    Cottonseed solvent                             690            690

    DHULIA
    Soyoil refined                                 716            712
  
    AURANGABAD
    Soyoil refined 
                                                716            713
    JALNA
    Soyoil refined 
                                                   717            712
    NANDED
    Soyoil refined                                 716            713
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 718, 
    Baramati - 717, Chalisgaon - 718, Pachora - 716, Parbhani - 717,
    Koosnoor - 716, Solapur - 714, Supa - 717, Sangli - 718.
                                     
Nagpur soymeal prices in rupees per tonne

                   Monday's open      Previous Close
    Soymeal (Nagpur)                   28,500-29,000        28,500-29,000
    
    Soymeal prices at other places in Maharashtra : Adilabad - 29,000 
    Akola - 27,000, Washim - 29,100, Dhulia - 27,500, Hingoli - 29,600, 
    Jalna - 29,000, Nandurbar - 29,700, Khamgaon - 28,300, Latur - 29,000, 
    Nanded - 29,500, Pachora - n.a., Solapur - 28,500, Supa - n.a., Dharwad - 
    29,200, Sangli - 28,500

WEATHER (NAGPUR)  
Maximum temp. 34.2 degree Celsius (93.6 degree Fahrenheit), minimum temp.
16.2 degree Celsius (61.2 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 16
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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