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Nagpur Soybean, Soyoil, Soymeal Open-February 23,2017
February 23, 2017 / 9:27 AM / 7 months ago

Nagpur Soybean, Soyoil, Soymeal Open-February 23,2017

Nagpur Soybean, Soyoil, Soymeal Open-February 23 

Nagpur, Feb 23 (Reuters) – About 15 to 20 dollar fall in international edible oils in last ten
days showed its effects on edible oils here. Major edible oils today suffered heavily in
Vidarbha region of Western Maharashtra on lack of demand from local traders amid profit-taking
selling by stockists at higher level. Sharp fall on NCDEX and easy condition in Madhya Pradesh
edible oils also affected sentiment, according to sources. 


                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, groundnut loose, groundnut refined and sunflower refined declined sharply 
    here on lack of demand from local traders amid good supply from local crushing plants.
  
  * Cottonseed, linseed, rapeseed, castor and coconut KP oil today ruled steady here thin
    trading activity.
 
  * Traders expect downward trend in major edible oils here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position. Fresh fall in international soymeal prices also 
     affected sentiment in limited deals. 
         
   SOYABEAN
   * Soyabean prices moved down in Nagpur Agriculture Produce Marketing Committee 
     (APMC) on lack of demand from local crushing plants. Easy condition in soyabean oil, 
     no takers to soymeal, downward trend in other soyabean mandi in the regions and 
     fresh fall on NCDEX also pulled down prices in thin trading activity.
     About 600 soyabean bags reported for auctions here, according to sources. 


 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    25,000-27,700       25,300-27,900         --
    (Available price)
    Market delivery    25,100-27,800       25,400-28,000          --
    (Traders price)
    Plant delivery     28,000-29,000       28,300-29,200          --

    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               25,000-27,500
    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 -29,300, Washim – 28,600, Dhulia – 29,600, Hingoli – 29,300, 
    Jalna – 27,200, Koosnoor – 30,300, Malkapur – 29,000, Latur – 29,000, 
    Nanded – 28,300, Solapur – 29,300, Sangli – 29,500.
        
    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.             2,200-2,300
    Cotton            90           5,000-5,600              5,200-5,425

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Thursday open   Previous close   
   
    Soyoil refined crushing plant delivery         710            716
    Soyoil solvent crushing plant delivery         670            675    
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720
    Groundnut oil (loose)                          980            990
    Groundnut oil refined (15 Litre)               1,640          1,660
    Sunflower oil refined                          900            930
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,230          1,230
    Castor oil (for 15 kg)                         1,280          1,280
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 709            714
    Soyoil Solvent                                 668            673
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720

    AKOLA
    Soyoil refined                                 710            715
    Soyoil Solvent                                 670            676        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             720            720

    DHULIA
    Soyoil refined                                 714            719
  
    AURANGABAD
    Soyoil refined 
                                                715            720
    JALNA
    Soyoil refined 
                                                   717            721
    NANDED
    Soyoil refined                                 717            720
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 717, 
    Baramati – 717, Latur - 719, Nanded – 718, Parbhani – 717,
    Koosnoor – 719, Solapur – 718, Supa – 717, Sangli – 720.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open       Previous Close
    Soymeal (Nagpur)                  22,500-23,000         22,500-23,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,500 
    Akola – 23,200, Washim – 23,300, Dhulia – 24,500, Hingoli – 23,500, 
    Jalna – 23,300, Nandurbar – 23,300, Khamgaon – 22,800, Latur – 23,400, 
    Nanded – 23,000, Parbhani – 23,500, Solapur – 23,500, Supa – n.a., 
    Dharwad – 23,600, Sangli – 23,700

WEATHER (NAGPUR)  
Maximum temp. 36.3 degree Celsius, minimum temp. 15.1 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 37 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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