February 6, 2017 / 8:02 AM / 7 months ago

Nagpur Soybean, Soyoil, Soymeal Open- February 06, 2017

Nagpur Soybean, Soyoil, Soymeal Open-February 6 

Nagpur, Feb 6 (Reuters) – Steady conditions persisted in major edible oils in Vidarbha region of
Western Maharashtra as oil prices hovered around previous day’s level on small bouts of trading.
Absence of buying interest and easy condition on Madhya Pradesh oil market mainly kept prices
unchanged. A majority of traders adopted wait and watch move because of weak international
edible oil prices, sources said Monday.

                       *****    

VIDARBHA MARKETS
OILS
  
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, rapeseed, 
    linseed, castor and coconut KP oils ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible oils here.  
    
   SOYMEAL

   * Soymeal prices today ruled steady here but demand was poor in limited deals.
        
   SOYABEAN
   * Soyabean prices reported down again in Nagpur Agriculture Produce Marketing 
     Committee (APMC) auctions on lack of demand from local crushing plants. No takers to 
     soyabean oil & soymeal, downward trend in Madhya Pradesh soyabean prices and high 
     moisture content arrival also affected prices.
     About 1,500 soyabean bags reported for auction in Nagpur APMC, according
     to sources. soyabean 


 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    25,500-27,500       25,500-28,000         --
    (Available price)
    Market delivery    25,600-27,600       25,600-28,100          --
    (Traders price)
    Plant delivery     28,300-29,400       28,300-29,400          --

    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               25,0100-27,500
    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 -29,400, Washim – 29,000, Dhulia – 29,300, Hingoli – 29,000, 
    Jalna – 28,900, Koosnoor – 30,300, Malkapur – 30,000, Latur – 29,500, 
    Nanded – 28,600, Solapur – 30,000, 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                 n.a.            n.a.                2,850-3,000
    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          25        1,350-1,500         1,250-1,400
    Dhan            100             2,050-2,221         2,000-2,270
    Cotton            221        5,641-5,700              5,300-5,700

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Monday open   Previous close   
   
    Soyoil refined crushing plant delivery         740            740
    Soyoil solvent crushing plant delivery         700            700    
    Cottonseed refined                             745            745
    Cottonseed solvent                             725            725
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,690          1,690
    Sunflower oil refined                          1,010          1,010
    Linseed oil                                    980            980
    Rapeseed oil (for 15 kg)                       1,370          1,370
    Castor oil (for 15 kg)                         1,320          1,320
    Coconut KP oil (for 15 kg)                     2,345          2,345

    AMRAVATI
    Soyoil refined                                 739            739
    Soyoil Solvent                                 699            699
    Cottonseed refined                             745            750
    Cottonseed solvent                             725            730

    AKOLA
    Soyoil refined                                 739            739
    Soyoil Solvent                                 699            699        
    Cottonseed refined oil                         745          750 
    Cottonseed solvent                             725            730

    DHULIA
    Soyoil refined                                 746            746
  
    AURANGABAD
    Soyoil refined 
                                                748            748
    JALNA
    Soyoil refined 
                                                   748            748
    NANDED
    Soyoil refined                                 750            750
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 747, 
    Baramati – 745, Latur - 742, Nanded – 742, Parbhani – 749,
    Koosnoor – 743, Solapur – 742, Supa – 748, Sangli – 748.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open       Previous Close
    Soymeal (Nagpur)                  22,900-23,300         23,000-23,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,700 
    Akola – 23,500, Washim – 23,500, Dhulia – 23,800, Hingoli – 23,600, 
    Jalna – 23,800, Nandurbar – 23,400, Khamgaon – 23,100, Latur – 23,600, 
    Nanded – 23,400, Parbhani – 23,300, Solapur – 23,500, Supa – n.a., 
    Dharwad – 23,400, Sangli – 24,000

WEATHER (NAGPUR)  
Maximum temp. 32.2 degree Celsius, minimum temp. 15.3 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 33 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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