April 27, 2017 / 8:33 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 27, 2017

Nagpur Soybean, Soyoil, Soymeal Open-April 27 

Nagpur, April 27 (Reuters) – Barring a fall in groundnut oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled groundnut oil prices down. No trader was in mood for any commitment because
of good recovery in international edible oils, sources said Thursday.

                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, cottonseed, sunflower refined, linseed, rapeseed, castor and coconut KP oil 
    today ruled steady here in sluggish trading activity.
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

   * Soymeal prices today recovered here on increased buying support from South-based 
     traders.
         
   SOYABEAN
   * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing
     Committee (APMC) on increased demand from local crushing plants amid weak 
     supply from producing belts. Notable rise in soymeal, upward trend in Madhya Pradesh 
     soyabean prices and enquiries from South-based plants also jacked up prices.  
     Nearly 900 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    25,500-28,750       25,000-28,500         --
    (Available price)
    Market delivery    25,600-28,850       25,100-28,600          --
    (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               25,200-28,100
    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
                                Thursday open   Previous close   
   
    Soyoil refined crushing plant delivery         634            634
    Soyoil solvent crushing plant delivery         594            594    
    Cottonseed refined                             590            590
    Cottonseed solvent                             570            570
    Groundnut oil (loose)                          1,150          1,160
    Groundnut oil refined (15 Litre)               1,790          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            632
    Soyoil Solvent                                 591            591
    Cottonseed refined                             590            590
    Cottonseed solvent                             570            570

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

    DHULIA
    Soyoil refined                                 640            644
  
    AURANGABAD
    Soyoil refined 
                                                641            641
    JALNA
    Soyoil refined 
                                                   642            642
    NANDED
    Soyoil refined                                 643            643
   
    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

                  Thursday’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 – 26,000, Washim – 25,900, Dhulia – 26,600, Hingoli – 26,400, 
    Jalna – 26,800, Nandurbar – 26,400, Khamgaon – 25,900, Latur – 26,700, 
    Nanded – 25,800, Parbhani – 25,800, Solapur – 26,800, Supa – n.a., 
    Dharwad – 26,400, Sangli – 27,0200

WEATHER (NAGPUR)  
Maximum temp. 41.8 degree Celsius, minimum temp. 22.6 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 42 and 24 degree
Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.

ATTN : Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil market in Vidarbha will
be closed tomorrow, Friday, on the occasion of Akshay Tritiya.

  

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