May 8, 2017 / 9:16 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 08, 2017

Nagpur Soybean, Soyoil, Soymeal Open-May 8 

Nagpur, May 8 (Reuters) – Prices of soyabean and cottonseed oil shot up in Vidarbha region of
Westerna Maharashtra on emergence of buying by stockists triggered by similar trend in
international market. Stockists were reportedly active because of sharp rise in Malaysian palm
and American soya digam oil. Healthy rise on NCDEX in soyabean oil and upward trend in Madhya
Pradesh oil helped to push up prices, sources said Monday.


                       *****    

VIDARBHA MARKETS
OILS

  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, castor and 
    coconut KP oil ruled steady here in sluggish trading activity.
  * Traders expect further rise in soyabean and cottonseed oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position.
         
   SOYABEAN
   * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing
     Committee (APMC) on lack of demand from local crushing plants. No takers to soymeal, 
     easy condition in Madhya Pradesh soyabean prices and high moisture content arrival 
     also pulled down prices in limited deals.   
     About 800 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       25,200-28,500         --
    (Available price)
    Market delivery    25,600-28,400       25,300-28,600          --
    (Traders price)
    Plant delivery     29,200-30,200       29,200-30,200          --

    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                  500               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 -30,300, Washim – 30,100, Dhulia – 30,400, Hingoli – 30,600, 
    Jalna – 30,000, Koosnoor – 30,100, Malkapur – 30,400, Latur – 30,500, 
    Nanded – 30,900, Solapur – 30,800, 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.            5,200-5,600 
    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
                                Monday open   Previous close   
   
    Soyoil refined crushing plant delivery         667            660
    Soyoil solvent crushing plant delivery         627            620    
    Cottonseed refined                             620            610
    Cottonseed solvent                             600            590
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,790          1,790
    Sunflower oil refined                          720            720
    Linseed oil                                    730            730
    Rapeseed oil (for 15 kg)                       1,140          1,140
    Castor oil (for 15 kg)                         1,550          1,550
    Coconut KP oil (for 15 kg)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 658            650
    Soyoil Solvent                                 618            611
    Cottonseed refined                             620            610
    Cottonseed solvent                             600            580

    AKOLA
    Soyoil refined                                 657            650
    Soyoil Solvent                                 617            611        
    Cottonseed refined oil                         620          610 
    Cottonseed solvent                             600            590

    DHULIA
    Soyoil refined                                 670            662
  
    AURANGABAD
    Soyoil refined 
                                                672            664
    JALNA
    Soyoil refined 
                                                   675            668
    NANDED
    Soyoil refined                                 675            667
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 672, 
    Baramati – 671, Latur - 675, Nanded – 673, Parbhani – 672,
    Koosnoor – 677, Solapur – 674, Supa – 675, Sangli – 677.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’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. 42.6 degree Celsius, minimum temp. 28.3 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 43 and 28
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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