April 24, 2017 / 9:04 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 24, 2017

7 Min Read

Nagpur Soybean, Soyoil, Soymeal Open-April 24 

Nagpur, April 24 (Reuters) – Select edible and non edible oil prices dipped up at the Vidarbha
region of Western Maharashtra today on considerable fall in demand at prevailing levels, amid
weak trends in overseas markets. Sentiment turned weak as Malaysian palm oil and American soya
digam reported weak. Fresh fall on NCDEX in soyabean oil and downward trend in Madhya Pradesh
edible oil prices also affected sentiment, according to sources.

                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, sunflower refined, linseed and rapeseed oil today declined sharply here in 
    absence of buyers amid good supply from producing regions.
  * Cottonseed, groundnut loose, groundnut refined, castor and coconut KP oil today ruled 
    steady here in sluggish trading activity.
  * Traders expect further fall in soyabean oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
   * Soyabean prices moved down in Nagpur Agriculture Produce Marketing
     Committee (APMC) on lack of demand from local crushing plants amid good 
     supply from producing belts. Fresh fall in soyabean oil, no takers to soymeal and 
     downward trend in Madhya Pradesh soyabean mandi also pulled down prices.  
     About 700 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    25,000-28,100       25,400-28,300         --
    (Available price)
    Market delivery    25,100-28,200       25,500-28,400          --
    (Traders price)
    Plant delivery     29,700-31,200       29,700-31,200          --

    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                  200               25,200-28,000
    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 -30,700, Washim – 30,600, Dhulia – 30,300, Hingoli – 31,700, 
    Jalna – 30,600, Koosnoor – 30,500, Malkapur – 29,400, Latur – 31,500, 
    Nanded – 31,700, Solapur – 31,800, Sangli – 31,400.
        
    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.                5,500-6,000 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,350-1,500
    Dhan            n.a.                n.a.             2,200-2,250
    Cotton            n.a.              n.a.             4,950-5,025

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Monday open   Previous close   
   
    Soyoil refined crushing plant delivery         641            643
    Soyoil solvent crushing plant delivery         601            603    
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580
    Groundnut oil (loose)                          1,160          1,160
    Groundnut oil refined (15 Litre)               1,800          1,800
    Sunflower oil refined                          800            820
    Linseed oil                                    800            820
    Rapeseed oil (for 15 kg)                       1,150          1,160
    Castor oil (for 15 kg)                         1,620          1,620
    Coconut KP oil (for 15 kg)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 637            640
    Soyoil Solvent                                 597            600
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580

    AKOLA
    Soyoil refined                                 637            639
    Soyoil Solvent                                 596            599        
    Cottonseed refined oil                         600          600 
    Cottonseed solvent                             580            580

    DHULIA
    Soyoil refined                                 644            648
  
    AURANGABAD
    Soyoil refined 
                                                644            648
    JALNA
    Soyoil refined 
                                                   642            645
    NANDED
    Soyoil refined                                 645            646
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 643, 
    Baramati – 643, Latur - 642, Nanded – 645, Parbhani – 644,
    Koosnoor – 642, Solapur – 643, Supa – 646, Sangli – 646.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open      Previous Close
    Soymeal (Nagpur)                  25,700-26,100      25,700-26,100
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,500 
    Akola – 25,800, Washim – 25,900, Dhulia – 26,700, Hingoli – 26,400, 
    Jalna – 26,800, Nandurbar – 26,500, Khamgaon – 25,900, Latur – 26,500, 
    Nanded – 25,800, Parbhani – 25,800, Solapur – 27,000, Supa – n.a., 
    Dharwad – 26,400, Sangli – 27,000

WEATHER (NAGPUR)  
Maximum temp. 42.9 degree Celsius, minimum temp. 23.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 43 and 23 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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