May 17, 2017 / 7:48 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 17, 2017

Nagpur Soybean, Soyoil, Soymeal Open-May 17 

Nagpur, May 17 (Reuters) – Soyabean oil in edible section and linseed oil in non-edible section
today strengthened in Vidarbha region of Western Maharashtra on increased offtake by local
traders amid a firming trend in producing regions and weak supply from crushing plants. Notable
rise in Malaysian palm oil and reported demand from South-based traders also helped to push up
these oils, according to sources, sources said Wednesday.

                       *****    

VIDARBHA MARKETS
OILS

  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, rapeseed, 
    castor and coconut KP oil ruled steady here in thin trading activity.
  * Traders expect upward trend in linseed oil here.
    
   SOYMEAL

   * Soymeal prices today declined sharply here on lack of demand from South-based 
     traders amid profit-taking selling by stockists at higher level. Trading activity 
     was reported poor as no trader was in mood for any commitment because of good rally 
     in overseas soymeal prices.
         
   SOYABEAN
   * Soyabean prices reported weak in Nagpur Agriculture Produce Marketing
     Committee (APMC) on lack of demand from local crushing plants amid good supply 
     from producing regions. Sharp fall in soymeal, easy condition on NCDEX and fresh 
     fall in Madhya Pradesh soyabean mandi also affected sentiment.
     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    25,000-28,100       25,500-28,400         --
    (Available price)
    Market delivery    25,100-28,200       25,600-28,500          --
    (Traders price)
    Plant delivery     29,400-28,800       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                  600               25,000-28,000
    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 -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
                                Wednesday open   Previous close   
   
    Soyoil refined crushing plant delivery         665            662
    Soyoil solvent crushing plant delivery         625            622    
    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            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)                     2,380          2,360

    AMRAVATI
    Soyoil refined                                 666            664
    Soyoil Solvent                                 626            623
    Cottonseed refined                             620            620
    Cottonseed solvent                             600            600

    AKOLA
    Soyoil refined                                 667            661
    Soyoil Solvent                                 627            624        
    Cottonseed refined oil                         620          620 
    Cottonseed solvent                             600            600

    DHULIA
    Soyoil refined                                 669            666
  
    AURANGABAD
    Soyoil refined 
                                                670            668
    JALNA
    Soyoil refined 
                                                   673            671
    NANDED
    Soyoil refined                                 674            672
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 670, 
    Baramati – 670, Latur - 673, Nanded – 671, Parbhani – 672,
    Koosnoor – 674, Solapur – 672, Supa – 673, Sangli – 674.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open      Previous Close
    Soymeal (Nagpur)                  24,500-25,000         24,700-25,200
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,200 
    Akola – 24,800, Washim – 25,100, 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. 45.5 degree Celsius, minimum temp. 32.8 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 45 and 32 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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