January 11, 2017 / 8:58 AM / 10 months ago

Nagpur Soybean, Soyoil, Soymeal Open- January 11, 2017

Nagpur Soybean, Soyoil, Soymeal Open-January 11

Nagpur, Jan 11 (Reuters) - Rapeseed oil today declined 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 this oil. Besides, sufficient stocks and weak trend
in producing regions also pulled down prices, sources said Wednesday.


                       *****    

VIDARBHA MARKETS
OILS
  
    * Meanwhile, Castor oil today recovered today on renewed demand from oil paint and 
      allied industries from weak supply from producing belts.  
   * Soyabean, cottonseed, sunflower refined, linseed 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 firm trend in international edible oils.
    
   SOYMEAL

   * Soymeal prices today ruled steady here but demand was poor in thin trading activity.  
        
   SOYABEAN
   * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
     Committee (APMC) auctions on poor demand from local crushing plants. No takers to 
     soyabean oil & soymeal since past two sessions, easy condition in Madhya Pradesh 
     soyabean prices and increased supply from producing belts because of rainy condition 
     here also pulled down prices. 
     About 1,300 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    25,500-27,400       25,900-28,200         --
    (Available price)
    Market delivery    25,600-27,500       26,000-28,300          --
    (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                  400               25,200-27,700
    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          10        1,250-1,400        1,200-1,315
    Dhan            20            1,851-1,952        1,700-1,950
    Cotton            240        5,275-5,440          5,400-5,475

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Wednesday 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          1,050
    Groundnut oil refined (15 Litre)               1,730          1,730
    Sunflower oil refined                          1,010          1,010
    Linseed oil                                    1,020          1,020
    Rapeseed oil (for 15 kg)                       1,420          1,430
    Castor oil (for 15 kg)                         1,290          1,280
    Coconut KP oil (for 15 kg)                     1,900          1,900

    AMRAVATI
    Soyoil refined                                 752            752
    Soyoil Solvent                                 712            712
    Cottonseed refined                             750            750
    Cottonseed solvent                             730            730

    AKOLA
    Soyoil refined                                 752            752
    Soyoil Solvent                                 712            712        
    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

                  Wednesday's open       Previous Close
    Soymeal (Nagpur)                  23,600-24,000           23,600-24,000
      
    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 - 23,800, 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. 27.0 degree Celsius, minimum temp. 12.8 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 29 and 11 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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