May 15, 2017 / 8:09 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 15, 2017

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Nagpur Soybean, Soyoil, Soymeal Open-May 15 

Nagpur, May 15 (Reuters) – Steady conditions persisted in major edible oils in Vidarbha region
of Western Maharashtra today as oil prices hovered around last trading’s level on small bouts of
trading. Absence of buying interest because of good recovery in Malaysian Palm oil and easy
condition on Madhya Pradesh oil market mainly kept prices unchanged. A majority of traders
adopted wait and watch move, sources said Monday.

                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, rapeseed, 
    linseed, castor and coconut KP oil ruled steady here in limited deals.
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position.
         
   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 regions. Upward trend on NCDEX, fresh rise in Madhya Pradesh soyabean 
     prices and reported demand from South-based plants also pushed up prices. 
     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    25,500-28,500       25,500-28,200         --
    (Available price)
    Market delivery    25,600-28,600       25,600-28,300          --
    (Traders price)
    Plant delivery     29,500-30,100       29,500-30,000          --

    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                  700               25,300-28,200
    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 -30,200, Washim – 30,200, Dhulia – 30,400, Hingoli – 30,400, 
    Jalna – 30,200, Koosnoor – 30,100, Malkapur – 30,200, Latur – 30,100, 
    Nanded – 30,500, Solapur – 30,500, 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.            5,200-5,600 
    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            667
    Soyoil solvent crushing plant delivery         627            627    
    Cottonseed refined                             620            620
    Cottonseed solvent                             600            600
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,790          1,790
    Sunflower oil refined                          680            680
    Linseed oil                                    710            710
    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            658
    Soyoil Solvent                                 618            618
    Cottonseed refined                             620            620
    Cottonseed solvent                             600            600

    AKOLA
    Soyoil refined                                 657            657
    Soyoil Solvent                                 617            617        
    Cottonseed refined oil                         620          620 
    Cottonseed solvent                             600            600

    DHULIA
    Soyoil refined                                 670            670
  
    AURANGABAD
    Soyoil refined 
                                                672            672
    JALNA
    Soyoil refined 
                                                   675            675
    NANDED
    Soyoil refined                                 675            675
   
    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)                  24,700-25,200       24,700-25,200
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,200 
    Akola – 25,100, Washim – 25,300, Dhulia – 25,500, Hingoli – 25,200, 
    Jalna – 25,300, Nandurbar – 25,200, Khamgaon – 24,600, Latur – 25,000, 
    Nanded – 25,400, Parbhani – 25,300, Solapur – 25,700, Supa – n.a., 
    Dharwad – 26,300, Sangli – 26,100

WEATHER (NAGPUR)  
Maximum temp. 44.7 degree Celsius, minimum temp. 24.3 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 44 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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