January 10, 2017 / 8:49 AM / 7 months ago

Nagpur Soybean, Soyoil, Soymeal Open- January 10, 2017

Nagpur Soybean, Soyoil, Soymeal Open-January 10

Nagpur, Jan 10 (Reuters) - Barring a fall in groundnut oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled groundnut oil prices down. Easy condition in groundnut producing regions
like Gujarath and Tamilnadu also affected sentiment, sources said Tuesday.


                       *****    

VIDARBHA MARKETS
OILS
   
   * Soyabean, cottonseed, sunflower refined, linseed, rapeseed, castor and coconut oils 
     ruled steady here in sluggish trading activity. 
   * Traders expect nearly steady trend in major edible oils here as no trader was in 
     mood for any commitment because of fresh fall in international edible oils.
    
   SOYMEAL

   * Soymeal prices today moved down here on lack of demand from South-based traders amid 
     release of stock from stockists.  
        
   SOYABEAN
   * Soyabean prices zoomed up in Nagpur Agriculture Produce Marketing 
     Committee (APMC) auctions on increased buying support from local crushing plants 
     amid weak supply from producing regions. Healthy rise in Madhya Pradesh soyabean 
     prices and enquiries from South-based plants also helped to jack up prices. 
     About 600 soyabean bags reported for auction here, according to 
     sources. 


 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    26,000-28,300       25,400-27,700         --
    (Available price)
    Market delivery    26,100-28,400       25,500-27,800          --
    (Traders price)
    Plant delivery     29,000-30,300       29,000-30,300          --

    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               25,700-28,000
    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 -29,700, Washim - 29,200, Dhulia - 29,600, Hingoli - 29,300, 
    Jalna - 29,300, Koosnoor - 30,300, Malkapur - 29,600, Latur - 29,500, 
    Nanded - 28,800, Solapur - 30,000, Sangli - 30,200.
        
    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.            4,200-4,600
    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.            6,500-7,000 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.            1,200-1,315
    Dhan            10            1,700-1,950        1,600-1,970
    Cotton            140        5,400-5,475        5,325-5,425

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Tuesday open   Previous close   
   
    Soyoil refined crushing plant delivery         754            754
    Soyoil solvent crushing plant delivery         714            714    
    Cottonseed refined                             750            750
    Cottonseed solvent                             730            730
    Groundnut oil (loose)                          1,050          1,060
    Groundnut oil refined (15 Litre)               1,730          1,740
    Sunflower oil refined                          1,010          1,010
    Linseed oil                                    1,020          1,020
    Rapeseed oil (for 15 kg)                       1,430          1,430
    Castor oil (for 15 kg)                         1,280          1,280
    Coconut KP oil (for 15 kg)                     1,900          1,900

    AMRAVATI
    Soyoil refined                                 753            753
    Soyoil Solvent                                 713            713
    Cottonseed refined                             750            750
    Cottonseed solvent                             730            730

    AKOLA
    Soyoil refined                                 753            753
    Soyoil Solvent                                 713            713        
    Cottonseed refined oil                         750          750 
    Cottonseed solvent                             730            730

    DHULIA
    Soyoil refined                                 760            760
  
    AURANGABAD
    Soyoil refined 
                                                759            759
    JALNA
    Soyoil refined 
                                                   760            760
    NANDED
    Soyoil refined                                 760            760
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 759, 
    Baramati - 762, Chalisgaon - 760, Pachora - 761, Parbhani - 761,
    Koosnoor - 762, Solapur - 760, Supa - 758, Sangli - 760.
                                     
Nagpur soymeal prices in rupees per tonne

                  Tuesday's open       Previous Close
    Soymeal (Nagpur)                  23,500-23,900         23,600-24,100
      
    Soymeal prices at other places in Maharashtra : Adilabad - 24,000 
    Akola - 23,800, Washim - 23,700, Dhulia - 24,200, Hingoli - 23,900, 
    Jalna - 23,000, Nandurbar - 24,100, Khamgaon - 23,500, Latur - 23,900, 
    Nanded - 23,600, Parbhani - 23,500, Solapur - 24,200, Supa - n.a., 
    Dharwad - 24,000, Sangli - 24,300

WEATHER (NAGPUR)  
Maximum temp. 28.6 degree Celsius, minimum temp. 16.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 29 and 14 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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