May 3, 2017 / 8:03 AM / 5 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 03, 2017

Nagpur Soybean, Soyoil, Soymeal Open-May 3 

Nagpur, May 3 (Reuters) – Soyabean and cottonseed oil prices rose in Vidarbha region of Western
Maharashtra on fresh buying by Vansaspati millers for the marriage season amid a firming global
trend. Sentiment also improved after soya digam prices climbed in American oil market. Fresh
hike on NCDEX, notable rise in Madhya Pradesh soyabean oil, reported demand from South-based
traders and weak overseas supply also fuelled these edible oils, according to sources.


                       *****    

VIDARBHA MARKETS
OILS

  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, castor and 
    coconut KP oil ruled steady here in limited dels.
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

   * Soymeal prices today moved down here on lack of demand from South-based traders amid 
     good supply from crushing plants.
         
   SOYABEAN
   * Soyabean prices reported down in Nagpur Agriculture Produce Marketing
     Committee (APMC) on lack of demand from local crushing plants amid good supply from 
     producing regions. Easy condition in soya meal and downward trend in other soyabean 
     mandi in the region also affected prices.   
     About 1,300 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    25,500-28,500       25,100-28,800         --
    (Available price)
    Market delivery    25,600-28,600       25,200-28,900          --
    (Traders price)
    Plant delivery     29,200-30,700       29,500-31,000          --

    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                  500               25,200-28,200
    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 -30,500, Washim – 30,400, Dhulia – 30,300, Hingoli – 30,500, 
    Jalna – 30,100, Koosnoor – 30,100, Malkapur – 30,400, Latur – 30,300, 
    Nanded – 30,500, Solapur – 30,600, 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         638            634
    Soyoil solvent crushing plant delivery         598            594    
    Cottonseed refined                             600            590
    Cottonseed solvent                             580            570
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,790          1,790
    Sunflower oil refined                          750            750
    Linseed oil                                    800            800
    Rapeseed oil (for 15 kg)                       1,140          1,140
    Castor oil (for 15 kg)                         1,590          1,590
    Coconut KP oil (for 15 kg)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 636            632
    Soyoil Solvent                                 596            591
    Cottonseed refined                             600            590
    Cottonseed solvent                             580            570

    AKOLA
    Soyoil refined                                 635            630
    Soyoil Solvent                                 595            590        
    Cottonseed refined oil                         600          590 
    Cottonseed solvent                             580            570

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

                  Wednesday’s open      Previous Close
    Soymeal (Nagpur)                  25,500-26,000         25,700-26,200
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,300 
    Akola – 25,500, Washim – 25,700, Dhulia – 26,100, Hingoli – 25,200, 
    Jalna – 26,000, Nandurbar – 26,100, Khamgaon – 25,900, Latur – 25,500, 
    Nanded – 26,000, Parbhani – 25,800, Solapur – 25,800, Supa – n.a., 
    Dharwad – 25,800, Sangli – 26,700

WEATHER (NAGPUR)  
Maximum temp. 42.1 degree Celsius, minimum temp. 27.5 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 43 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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