May 16, 2017 / 8:36 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 16, 2017

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Nagpur Soybean, Soyoil, Soymeal Open-May 16 

Nagpur, May 16 (Reuters) – Barring a fall in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled soyabean oil prices down. Easy condition in Malaysian palm oil also
affected sentiment, sources said Tuesday.

                       *****    

VIDARBHA MARKETS
OILS

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

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position.
         
   SOYABEAN
   * Soyabean prices reported down in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor demand from local crushing plants amid good supply 
     from producing regions. Fresh fall in soyabean oil, no takers to soymeal, downward 
     trend in major soyabean mandis in the region and easy condition in Madhya Pradesh 
     soyabean prices also said to be the reasons for pulled down prices.
     About 1,200 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    25,000-28,400       25,500-28,600         --
    (Available price)
    Market delivery    25,100-28,500       25,600-28,300          --
    (Traders price)
    Plant delivery     29,500-30,000       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                  800               25,000-28,200
    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 -29,800, Washim – 29,700, Dhulia – 30,400, Hingoli – 29,800, 
    Jalna – 29,800, Koosnoor – 29,700, Malkapur – 29,600, Latur – 29,800, 
    Nanded – 30,000, Solapur – 30,100, Sangli – 30,800.
        
    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
                                Tuesday open   Previous close   
   
    Soyoil refined crushing plant delivery         663            667
    Soyoil solvent crushing plant delivery         623            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                                    720            720
    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                                 662            664
    Soyoil Solvent                                 622            625
    Cottonseed refined                             620            620
    Cottonseed solvent                             600            600

    AKOLA
    Soyoil refined                                 662            665
    Soyoil Solvent                                 621            624        
    Cottonseed refined oil                         620          620 
    Cottonseed solvent                             600            600

    DHULIA
    Soyoil refined                                 666            670
  
    AURANGABAD
    Soyoil refined 
                                                668            670
    JALNA
    Soyoil refined 
                                                   671            673
    NANDED
    Soyoil refined                                 670            674
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 668, 
    Baramati – 668, Latur - 671, Nanded – 669, Parbhani – 670,
    Koosnoor – 672, Solapur – 670, Supa – 672, Sangli – 672.
                                     
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 – 25,000, Washim – 25,300, Dhulia – 25,200, Hingoli – 25,200, 
    Jalna – 25,300, Nandurbar – 25,000, 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. 46.2 degree Celsius, minimum temp. 24.3 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 46 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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