May 5, 2017 / 9:36 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 05, 2017

8 Min Read

Nagpur Soybean, Soyoil, Soymeal Open-May 5 

Nagpur, May 5 (Reuters) – The slide in prices of sunflower oil in edible section and linseed &
castor oil in non-edible section continued unabated in Vidarbha region of Western Maharashtra
for second day today on persistent selling by stockists amid good supply from producing regions
and weak trends in overseas market. Fresh fall in producing regions and release of stock from
stockists also affected prices of these oils, according to sources.


                       *****    

VIDARBHA MARKETS
OILS

  * Meanwhile, soyabean oil prices firmed up again on good seasonal demand from local 
    traders. Fresh hike on NCDEX and healthy rise in Malaysian palm oil prices also
    boosted sentiment.   
  * Cottonseed, groundnut loose, groundnut refined, rapeseed and coconut KP oil ruled 
    steady here in thin trading activity.
  * Traders expect downward trend in sunflower oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position. Fresh fall in overseas soymeal prices also affected 
     sentiment.
         
   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 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    25,500-28,300       25,500-28,000         --
    (Available price)
    Market delivery    25,600-28,400       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                  400               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 -30,200, 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
                                Friday open   Previous close   
   
    Soyoil refined crushing plant delivery         643            640
    Soyoil solvent crushing plant delivery         603            600    
    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                          720            730
    Linseed oil                                    750            770
    Rapeseed oil (for 15 kg)                       1,140          1,140
    Castor oil (for 15 kg)                         1,550          1,570
    Coconut KP oil (for 15 kg)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 641            638
    Soyoil Solvent                                 601            599
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580

    AKOLA
    Soyoil refined                                 641            639
    Soyoil Solvent                                 597            594        
    Cottonseed refined oil                         600          590 
    Cottonseed solvent                             580            570

    DHULIA
    Soyoil refined                                 647            644
  
    AURANGABAD
    Soyoil refined 
                                                648            646
    JALNA
    Soyoil refined 
                                                   649            645
    NANDED
    Soyoil refined                                 647            645
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 649, 
    Baramati – 649, Latur - 646, Nanded – 648, Parbhani – 649,
    Koosnoor – 649, Solapur – 647, Supa – 650, Sangli – 648.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’s open      Previous Close
    Soymeal (Nagpur)                  25,500-26,000       25,500-26,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,500 
    Akola – 25,700, Washim – 25,800, Dhulia – 25,800, Hingoli – 25,700, 
    Jalna – 25,500, Nandurbar – 26,100, Khamgaon – 24,900, Latur – 25,500, 
    Nanded – 25,700, Parbhani – 25,400, Solapur – 25,700, Supa – n.a., 
    Dharwad – 25,800, Sangli – 26,400

WEATHER (NAGPUR)  
Maximum temp. 42.0 degree Celsius, minimum temp. 24.7 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 43 and 26
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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