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Nagpur Soybean, Soyoil, Soymeal Open- February 09, 2017
February 9, 2017 / 8:53 AM / 8 months ago

Nagpur Soybean, Soyoil, Soymeal Open- February 09, 2017

Nagpur Soybean, Soyoil, Soymeal Open- February 9 

Nagpur, Feb 9 (Reuters) – Soyabean and coconut KP oil prices strengthened in Vidarbha region of
Western Maharashtra on increased offtake by vanaspati millers amid a firming global trend.
Buying activity in edible oils picked up as American soya digam climbed in overseas markets.
Healthy rise on NCDEX and reported demand from South-based traders also boosted prices, sources
said Thursday.

                       *****    

VIDARBHA MARKETS
OILS

  * Meanwhile, linseed oil today reported down here in absence of buyers amid profit-
    taking selling by stockis at higher level.
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined and castor oils 
    ruled steady here in sluggish trading activity.
 
  * Traders expect further rise in coconut KP oil here.  
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position.
        
   SOYABEAN
   * Soyabean prices firmed up in Nagpur Agriculture Produce Marketing 
     Committee (APMC) auctions on good demand from local crushing plants amid weak supply 
     from producing regions. Notable rise in soyabean oil, 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    25,500-27,500       25,200-27,400         --
    (Available price)
    Market delivery    25,600-27,600       25,300-28,000          --
    (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                  300               25,200-27,400
    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 -29,600, Washim – 29,100, 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 – 29,800.
        
    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
                                Thursday open   Previous close   
   
    Soyoil refined crushing plant delivery         742            738
    Soyoil solvent crushing plant delivery         702            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                                    970            980
    Rapeseed oil (for 15 kg)                       1,320          1,320
    Castor oil (for 15 kg)                         1,320          1,320
    Coconut KP oil (for 15 kg)                     2,480          2,420

    AMRAVATI
    Soyoil refined                                 742            736
    Soyoil Solvent                                 702            696
    Cottonseed refined                             745            745
    Cottonseed solvent                             725            725

    AKOLA
    Soyoil refined                                 742            738
    Soyoil Solvent                                 701            696        
    Cottonseed refined oil                         745          745 
    Cottonseed solvent                             725            725

    DHULIA
    Soyoil refined                                 748            741
  
    AURANGABAD
    Soyoil refined 
                                                748            745
    JALNA
    Soyoil refined 
                                                   750            744
    NANDED
    Soyoil refined                                 750            746
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 749, 
    Baramati – 747, Latur - 746, Nanded – 748, Parbhani – 749,
    Koosnoor – 751, Solapur – 748, Supa – 749, Sangli – 752.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’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. 33.1 degree Celsius, minimum temp. 13.9 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 33 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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