February 10, 2017 / 9:52 AM / 5 months ago

Nagpur Soybean, Soyoil, Soymeal Open- February 10, 2017

7 Min Read

Nagpur Soybean, Soyoil, Soymeal Open-February 10 

Nagpur, Feb 10 (Reuters) – The slide in rapeseed oil in non-edible section,  continued unabated
in Vidarbha region of Western Maharashtra for second day today on persistent selling by
stockists amid good supply from producing regions and weak trends in producing regions.
Sentiment turned bearish because of release of stock from stockists. Trading activity in other
edible reported weak because of healthy rise in overseas oil prices, according to sources.

                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    castor and coconut KP ruled steady here in sluggish trading activity.
 
  * Traders expect nearly steady trend in as majority of traders adopted wait and watch 
    move.  
    
   SOYMEAL

   * Soymeal prices today quoted static here in thin trading activity.
        
   SOYABEAN
   * Soyabean prices declined in Nagpur Agriculture Produce Marketing 
     Committee (APMC) auctions on lack of buying support from local crushing plants amid 
     increased arrival from producing regions. No takers to soyabean & soymeal and high 
     moisture content arrival also pulled down 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    25,500-27,400       25,200-27,600         --
    (Available price)
    Market delivery    25,600-27,500       25,300-27,700          --
    (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               25,800-27,600
    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 – 29,300, Dhulia – 29,300, Hingoli – 29,500, 
    Jalna – 28,500, Koosnoor – 30,300, Malkapur – 30,000, Latur – 29,000, 
    Nanded – 28,600, Solapur – 30,000, Sangli – 29,000.
        
    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
                                Friday 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            970
    Rapeseed oil (for 15 kg)                       1,300          1,320
    Castor oil (for 15 kg)                         1,320          1,320
    Coconut KP oil (for 15 kg)                     2,480          2,480

    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

                  Friday’s open       Previous Close
    Soymeal (Nagpur)                  23,000-23,500         22,900-23,300
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,700 
    Akola – 24,000, Washim – 23,500, Dhulia – 24,500, Hingoli – 23,800, 
    Jalna – 23,800, Nandurbar – 23,400, Khamgaon – 23,400, Latur – 24,200, 
    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. 16.4 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 33 and 16 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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