February 7, 2017 / 8:30 AM / 9 months ago

Nagpur Soybean, Soyoil, Soymeal Open- February 07, 2017

Nagpur Soybean, Soyoil, Soymeal Open-February 7 

Nagpur, Feb 7 (Reuters) – Coconut KP oil prices today touched to a record high in Vidarbha
region of Western Maharashtra on fresh buying by Vansaspati millers for the festive season amid
a firming trend in producing regions. Healthy rise in Madhya Pradesh coconut oil and reports
about poor crop position in this season also boosted prices, according to sources.

                       *****    

VIDARBHA MARKETS
OILS
  
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, rapeseed, 
    Linseed and castor oils ruled steady here in thin trading activity. No trader was in 
    mood for any commitment because of good recovery in international edible oils. 
  * Traders expect nearly further rise in coconut oil here.  
    
   SOYMEAL

   * Soymeal prices today ruled steady here but demand was poor in limited deals.
        
   SOYABEAN
   * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
     Committee (APMC) auctions on good demand from local crushing plants. Fresh hike on 
     NCDEX and upward trend in Madhya Pradesh soyabean prices also boosted sentiment.
     About 1,000 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    25,000-27,650       25,000-27,500         --
    (Available price)
    Market delivery    25,100-27,750       25,100-27,400          --
    (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                  300               25,100-27,500
    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 -29,500, Washim – 29,000, Dhulia – 29,300, Hingoli – 29,500, 
    Jalna – 28,900, Koosnoor – 30,300, Malkapur – 30,000, Latur – 29,200, 
    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          n.a.           n.a.             1,350-1,500
    Dhan            n.a.                n.a.             2,050-2,221
    Cotton            300        5,565-5,665              5,641-5,700

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Tuesday open   Previous close   
   
    Soyoil refined crushing plant delivery         735            735
    Soyoil solvent crushing plant delivery         695            695    
    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)                       1,350          1,370
    Castor oil (for 15 kg)                         1,320          1,320
    Coconut KP oil (for 15 kg)                     2,400          2,345

    AMRAVATI
    Soyoil refined                                 736            736
    Soyoil Solvent                                 696            696
    Cottonseed refined                             745            745
    Cottonseed solvent                             725            725

    AKOLA
    Soyoil refined                                 736            736
    Soyoil Solvent                                 696            696        
    Cottonseed refined oil                         745          745 
    Cottonseed solvent                             725            725

    DHULIA
    Soyoil refined                                 741            741
  
    AURANGABAD
    Soyoil refined 
                                                743            743
    JALNA
    Soyoil refined 
                                                   743            743
    NANDED
    Soyoil refined                                 744            744
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 742, 
    Baramati – 740, Latur - 739, Nanded – 737, Parbhani – 742,
    Koosnoor – 738, Solapur – 738, Supa – 742, Sangli – 742.
                                     
Nagpur soymeal prices in rupees per tonne

                  Tuesday’s open       Previous Close
    Soymeal (Nagpur)                  22,900-23,300         22,900-23,300
      
    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. 33.5 degree Celsius, minimum temp. 14.6 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 34 and 15 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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