January 12, 2017 / 8:07 AM / 8 months ago

Nagpur Soybean, Soyoil, Soymeal Open- January 12, 2017

Nagpur Soybean, Soyoil, Soymeal Open-January 12

Nagpur, Jan 12 (Reuters) - Weak trend in rapeseed oil continued today in Vidarbha region of
Western Maharashtra on poor demand from local traders amid profit-taking selling by stockists at
higher level looking towards increased rapeseed production. Fresh fall in Madhya Pradesh
rapeseed oil also affected sentiment. Trading activity in major edible oils reported weak as no
trader was in mood for any commitment because of fall in overseas oil market, sources said
Thursday.


                       *****    

VIDARBHA MARKETS
OILS
  
   * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
     castor and coconut oils ruled steady here in thin trading activity. 
   * Traders expect further fall in rapeseed oil here.
    
   SOYMEAL

   * Soymeal prices today quoted static in limited deals.  
        
   SOYABEAN
   * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
     Committee (APMC) auctions on poor buying support from local crushing plants amid
     high moisture content arrival. No takers to soyabean oil & soymeal since past three 
     sessions, weak trend in Madhya Pradesh soyabean prices because of good arrival and
     release of stock from stockists because of rainy condition also pushed down prices 
     in limited deals.
     About 1,500 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    25,000-27,400       25,500-27,400         --
    (Available price)
    Market delivery    25,100-27,500       25,600-27,500          --
    (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                  500               24,900-27,300
    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          20        1,250-1,500        1,200-1,400
    Dhan            n.a.               n.a.            1,851-1,952
    Cotton            210        5,430-5,500          5,275-5,440

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Thursday 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)                       1,410          1,420
    Castor oil (for 15 kg)                         1,290          1,290
    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

                  Thursday'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. 25.8 degree Celsius, minimum temp. 8.6 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 20 and 8 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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