May 4, 2017 / 9:45 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 04, 2017

7 Min Read

Nagpur Soybean, Soyoil, Soymeal Open-May 4 

Nagpur, May 4 (Reuters) – In range-bound trade, sunflower refined oil in edible section and
linsed & castor oil in non-edible section moved down at the Vidarbha region of Western
Maharashtra today largely on reduced offtake amid weak trend in producing region. Sentiment
turned bearish because of increased supply from producing belts. Fresh fall in Madhya Pradesh
non-edible oil also affected sentiment, according to sources.


                       *****    

VIDARBHA MARKETS
OILS

  * On the other hand, soyabean oil prices recovered further on good marriage season 
    demand. Fresh rise in Malaysian palm oil prices also boosted sentiment.   
  * Cottonseed, groundnut loose, groundnut refined, rapeseed and coconut KP oil ruled 
    steady here in sluggish trading activity.
  * Traders expect further fall in sunflower oil here.
    
   SOYMEAL

   * Soymeal prices today declined further here on poor demand from South-based traders 
     amid increased supply from local crushing plants.
         
   SOYABEAN
   * Soyabean prices moved down again in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor buying support from local crushing plants. Further fall in 
     soymeal and easy condition in other soyabean mandi in the region also pulled down 
     prices in weak trading activity.   
     About 1,000 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    25,500-27,500       25,500-28,000         --
    (Available price)
    Market delivery    25,600-27,600       25,600-28,100          --
    (Traders price)
    Plant delivery     29,200-30,700       29,200-30,700          --

    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                  600               25,200-27,800
    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 -30,200, Washim – 30,200, Dhulia – 30,400, Hingoli – 30,500, 
    Jalna – 30,100, Koosnoor – 30,100, Malkapur – 30,400, Latur – 30,100, 
    Nanded – 30,300, Solapur – 30,400, Sangli – 31,000.
        
    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         640            636
    Soyoil solvent crushing plant delivery         600            597    
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,790          1,790
    Sunflower oil refined                          730            750
    Linseed oil                                    770            800
    Rapeseed oil (for 15 kg)                       1,140          1,140
    Castor oil (for 15 kg)                         1,570          1,590
    Coconut KP oil (for 15 kg)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 638            635
    Soyoil Solvent                                 598            595
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580

    AKOLA
    Soyoil refined                                 638            633
    Soyoil Solvent                                 597            594        
    Cottonseed refined oil                         600          590 
    Cottonseed solvent                             580            570

    DHULIA
    Soyoil refined                                 644            642
  
    AURANGABAD
    Soyoil refined 
                                                645            644
    JALNA
    Soyoil refined 
                                                   646            642
    NANDED
    Soyoil refined                                 645            643
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 646, 
    Baramati – 647, Latur - 646, Nanded – 648, Parbhani – 646,
    Koosnoor – 646, Solapur – 647, Supa – 647, Sangli – 646.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open      Previous Close
    Soymeal (Nagpur)                  25,300-25,800         25,500-26,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,300 
    Akola – 25,300, Washim – 25,400, Dhulia – 25,600, Hingoli – 25,200, 
    Jalna – 25,500, Nandurbar – 26,100, Khamgaon – 24,900, Latur – 25,500, 
    Nanded – 25,500, Parbhani – 25,400, Solapur – 25,300, Supa – n.a., 
    Dharwad – 25,400, Sangli – 26,200

WEATHER (NAGPUR)  
Maximum temp. 42.0 degree Celsius, minimum temp. 22.2 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 43 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.


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