February 16, 2017 / 8:40 AM / 8 months ago

Nagpur Soybean, Soyoil, Soymeal Open-February 16,2017

Nagpur Soybean, Soyoil, Soymeal Open-February 16 

Nagpur, Feb 16 (Reuters) – Major edible and non-edible oils today declined further in Vidarbha
region of Western Maharashtra on poor buying support by stockists amid good supply from
producing regions and easy condition in overseas markets. Fresh fall in American soya digam
prices and easy condition in Malaysian palm oil also affected sentiment in limited deals,
according to sources.


                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, cottonsee, groundnut loose, groundnut refined, sunflower refined in edible 
    section and linseed & rapeseed oil in non-section moved down here in absence of 
    buyers amid increased arrival from producing belts. 

  * Castor and coconut KP oil today ruled steady here sluggish trading activity.
 
  * Traders expect downward trend in major edible oils here because of good overseas 
    arrival.  
    
   SOYMEAL

   * Soymeal prices today suffered heavily here on lack of demand from South-based 
     traders amid release of stock from stockists. Fresh fall in international 
     soymeal prices also affected sentiment.
         
   SOYABEAN
   * Soyabean prices shot up in Nagpur Agriculture Produce Marketing Committee (APMC) on 
     good demand from local crushing plants. Notable hike in Madhya Pradesh soyabean 
     prices and reported demand from South-based plants also jacked up prices. 
     About 1,500 soyabean bags reported for auction in Nagpur APMC, according
     to sources. 


 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    25,500-27,800       25,500-27,400         --
    (Available price)
    Market delivery    25,600-27,900       25,600-27,500          --
    (Traders price)
    Plant delivery     28,500-30,000       28,500-30,000          --

    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               25,000-27,250
    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 – 29,400, 
    Jalna – 28,500, Koosnoor – 30,300, Malkapur – 30,000, Latur – 29,600, 
    Nanded – 29,100, Solapur – 29,700, 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.             2,200-2,500
    Cotton            300        5,425-5,675              5,440-5,665

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Thursday open   Previous close   
   
    Soyoil refined crushing plant delivery         731            736
    Soyoil solvent crushing plant delivery         691            696    
    Cottonseed refined                             740            745
    Cottonseed solvent                             720            725
    Groundnut oil (loose)                          990            1,000
    Groundnut oil refined (15 Litre)               1,660          1,670
    Sunflower oil refined                          980            1,000
    Linseed oil                                    930            950
    Rapeseed oil (for 15 kg)                       1,260          1,280
    Castor oil (for 15 kg)                         1,280          1,280
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 730            735
    Soyoil Solvent                                 690            695
    Cottonseed refined                             740            745
    Cottonseed solvent                             720            725

    AKOLA
    Soyoil refined                                 730            734
    Soyoil Solvent                                 690            696        
    Cottonseed refined oil                         740          745 
    Cottonseed solvent                             720            725

    DHULIA
    Soyoil refined                                 736            742
  
    AURANGABAD
    Soyoil refined 
                                                737            740
    JALNA
    Soyoil refined 
                                                   739            744
    NANDED
    Soyoil refined                                 738            744
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 739, 
    Baramati – 737, Latur - 737, Nanded – 738, Parbhani – 739,
    Koosnoor – 740, Solapur – 740, Supa – 738, Sangli – 741.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open       Previous Close
    Soymeal (Nagpur)                  22,000-22,500         22,300-22,800
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,500 
    Akola – 23,000, Washim – 23,100, Dhulia – 24,000, Hingoli – 23,100, 
    Jalna – 23,100, Nandurbar – 22,700, Khamgaon – 22,700, Latur – 23,000, 
    Nanded – 23,200, Parbhani – 23,000, Solapur – 23,200, Supa – n.a., 
    Dharwad – 23,800, Sangli – 23,800

WEATHER (NAGPUR)  
Maximum temp. 32.8 degree Celsius, minimum temp. 15.8 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 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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