October 18, 2016 / 9:16 AM / 10 months ago

Nagpur Soybean, Soyoil, Soymeal Open- Oct 18

Nagpur Soybean, Soyoil, Soymeal Open-October 18

Nagpur, Oct 18 (Reuters) - In range-bound trade, major edible oil prices remained unchanged at
the Vidarbha region of Western Maharashtra today in the absence of worthwhile activity. Arrivals
and offtake too remained at a low ebb and volume of business poor. Absence of demand from
millers mainly kept major oil prices unchanged. No trader was in mood for any commitment,
adopting `wait and watch' move because of fresh fall in Malaysian palm oil, according to
sources.
     
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    VIDARBHA MARKETS
    OILS

   * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
     rapeseed, castor and coconut KP oil ruled steady here in limited deals. 
   * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

   * Soymeal prices ruled steady here but demand was poor. Fresh rise in internationals 
     soymeal prices also affected sentiment.
        
   SOYABEAN
   * Soyabean prices recovered in Nagpur Agriculture Produce and Marketing     
     Committee (APMC) on increased demand from local crushing plants amid weak arrival 
     from producing region. Healthy rise in soyabean oil in last two sessions, notable 
     rise in overseas soyabean prices and reported demand from South-based plants also 
     jacked up prices.
     About 3,000 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    25,900-29,000       25,300-29,000         --
    (Available price)
    Market delivery    26,000-29,100       25,400-29,100          --
    (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                  500            25,700-28,700
    Amravati               500                   25,500-29,400 
    Khamgaon               n.a.                   n.a.
    Wardha                 500            25,000-29,000 
    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 - 29,500, Dhulia - 29,900, Hingoli - 29,300, Jalna - 29,500,
    Koosnoor - 29,200, Malkapur - 29,200, Latur - 29,000, Nanded - 29,000, 
    Solapur - 28,800, 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
                                 Tuesday's open   Previous close   
   
    Soyoil refined crushing plant delivery         710            710
    Soyoil solvent crushing plant delivery         670            670    
    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            705
    Soyoil Solvent                                 665            665
    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            716
  
    AURANGABAD
    Soyoil refined 
                                                716            716
    JALNA
    Soyoil refined 
                                                   717            717
    NANDED
    Soyoil refined                                 716            716
   
    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

                   Tuesday's open      Previous Close
    Soymeal (Nagpur)                   28,000-28,500        28,000-28,500
    
    Soymeal prices at other places in Maharashtra : Adilabad - 29,000 
    Akola - 27,700, 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. 33.5 degree Celsius (92.3 degree Fahrenheit), minimum temp.
14.9 degree Celsius (58.8 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 33 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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