January 13, 2017 / 8:42 AM / 7 months ago

Nagpur Soybean, Soyoil, Soymeal Open- January 13, 2017

Nagpur Soybean, Soyoil, Soymeal Open-January 13

Nagpur, Jan 13 (Reuters) - Rapeseed oil today declined further in Vidarbha region of Western
Maharashtra on lack of buying support from local traders amid good supply from producing belts.
Downward trend in Madhya Pradesh rapeseed oil also affected sentiment. Trading activity in major
edible oils reported thin as no trader was in mood for any commitment because of sharp rise in
Malaysian palm oil, sources said Friday.


                       *****    

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

   * Soymeal prices today reported strong on good demand from South-based traders.
     Notable hike in international soymeal prices also boosted sentiment.  
        
   SOYABEAN
   * Soyabean prices quoted higher in Nagpur Agriculture Produce Marketing 
     Committee (APMC) auctions on good buying support from local crushing plants. Fresh 
     rise in soymeal, upward trend in Madhya Pradesh soyabean prices and reported demand 
     from South-based plants also helped to push up prices.
     About 800 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    25,500-27,800       25,200-27,500         --
    (Available price)
    Market delivery    25,600-27,900       25,300-27,600          --
    (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               25,300-27,500
    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 - 29,000, Dhulia - 29,200, Hingoli - 28,800, 
    Jalna - 29,300, Koosnoor - 30,300, Malkapur - 29,600, Latur - 29,500, 
    Nanded - 29,000, 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), 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                 10            2,850-3000        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        1,250-1,500        1,250-1,500
    Dhan            30            1,750-1,990        1,851-1,952
    Cotton            n.a.           n.a.          5,430-5,500

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Friday 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)                       1,400          1,410
    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

                  Friday's open       Previous Close
    Soymeal (Nagpur)                  23,800-24,200        23,600-24,000
      
    Soymeal prices at other places in Maharashtra : Adilabad - 24,200 
    Akola - 24,000, Washim - 23,900, Dhulia - 24,400, Hingoli - 24,100, 
    Jalna - 23,500, Nandurbar - 24,000, Khamgaon - 23,700, Latur - 24,100, 
    Nanded - 23,800, Parbhani - 23,700, Solapur - 24,400, Supa - n.a., 
    Dharwad - 24,200, Sangli - 24,500

WEATHER (NAGPUR)  
Maximum temp. 24.3 degree Celsius, minimum temp. 7.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 25 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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