April 26, 2017 / 9:27 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 26, 2017

Nagpur Soybean, Soyoil, Soymeal Open-April 26 

Nagpur, April 26 (Reuters) – Soyabean oil in edible section and linseed oil in non-edible
section, declined in Vidarbha region of Western Maharashtra today on persistent selling by
stockists amid good supply from producing regions and weak trends in Madhya Pradesh oils.
Sentiment turned bearish because of release of stock from stockists. Trading activity in other
edible reported weak as no trader was in mood for any commitment because of downward trend in
Malaysian palm oil and American soya digam prices, according to sources.

                       *****    

VIDARBHA MARKETS
OILS

  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, rapeseed, castor 
    and coconut KP oil today ruled steady here in limited deals.
  * Traders expect further fall in soyabean oil here.
    
   SOYMEAL

   * Soymeal prices today recovered here on increased buying support from South-based 
     traders.
         
   SOYABEAN
   * Soyabean prices reported weak in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor buying support from local crushing plants amid good 
     supply from producing belts. Further fall in soyabean oil and downward trend in 
     Madhya Pradesh soyabean mandi also affected prices here.  
     Between 1,000 and 1,500 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       25,200-28,500         --
    (Available price)
    Market delivery    25,100-28,200       25,300-28,600          --
    (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               25,000-27,900
    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 – 30,400, 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 – 31,200.
        
    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
                                Wednesday open   Previous close   
   
    Soyoil refined crushing plant delivery         634            637
    Soyoil solvent crushing plant delivery         594            599    
    Cottonseed refined                             590            590
    Cottonseed solvent                             570            570
    Groundnut oil (loose)                          1,160          1,160
    Groundnut oil refined (15 Litre)               1,800          1,800
    Sunflower oil refined                          770            780
    Linseed oil                                    800            800
    Rapeseed oil (for 15 kg)                       1,140          1,140
    Castor oil (for 15 kg)                         1,620          1,620
    Coconut KP oil (for 15 kg)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 632            635
    Soyoil Solvent                                 591            594
    Cottonseed refined                             590            590
    Cottonseed solvent                             570            570

    AKOLA
    Soyoil refined                                 630            633
    Soyoil Solvent                                 590            593        
    Cottonseed refined oil                         590          590 
    Cottonseed solvent                             570            570

    DHULIA
    Soyoil refined                                 640            644
  
    AURANGABAD
    Soyoil refined 
                                                641            642
    JALNA
    Soyoil refined 
                                                   642            643
    NANDED
    Soyoil refined                                 643            646
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 643, 
    Baramati – 643, Latur - 642, Nanded – 645, Parbhani – 642,
    Koosnoor – 642, Solapur – 643, Supa – 643, Sangli – 642.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open      Previous Close
    Soymeal (Nagpur)                  25,700-26,200        25,500-26,000
      
    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 – 27,000, 
    Nanded – 25,800, Parbhani – 25,800, Solapur – 26,600, Supa – n.a., 
    Dharwad – 26,400, Sangli – 27,000

WEATHER (NAGPUR)  
Maximum temp. 41.8 degree Celsius, minimum temp. 25.8 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 42 and 27 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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