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Nagpur Soybean, Soyoil, Soymeal Open- February 08, 2017
February 8, 2017 / 9:05 AM / in 8 months

Nagpur Soybean, Soyoil, Soymeal Open- February 08, 2017

Nagpur Soybean, Soyoil, Soymeal Open-February 8 

Nagpur, Feb 8 (Reuters) – Barring a sharp fall in rapeseed oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled rapeseed oil prices down. Release of stock from stockists also pushed down
this oil. Trading activity in major edible oils reported weak as no trader was in mood for any
commitment because of good rise in international oil prices, sources said Wednesday.

                       *****    

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

   * Soymeal prices today quoted static here but demand was poor in weak trading activity.
        
   SOYABEAN
   * Soyabean prices reported 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 two 
     session, downward trend in Madhya Pradesh soyabean prices and weak condition on 
     NCDEX also affected sentiment in thin trading activity.
     About 900 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    25,000-27,400       25,000-27,800         --
    (Available price)
    Market delivery    25,100-27,500       25,100-27,900          --
    (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               25,000-27,300
    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 -29,500, Washim – 29,000, Dhulia – 29,300, Hingoli – 29,500, 
    Jalna – 29,250, Koosnoor – 30,300, Malkapur – 30,000, Latur – 29,100, 
    Nanded – 28,600, Solapur – 30,000, Sangli – 29,700.
        
    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
                                Wednesday 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)                       1,320          1,350
    Castor oil (for 15 kg)                         1,320          1,320
    Coconut KP oil (for 15 kg)                     2,400          2,400

    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 – 745, Solapur – 738, Supa – 742, Sangli – 742.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’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. 32.0 degree Celsius, minimum temp. 12.8 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 13 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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