May 18, 2017 / 8:09 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 18, 2017

7 Min Read

Nagpur Soybean, Soyoil, Soymeal Open-May 18 

Nagpur, May 18 (Reuters) – Soyabean and cottonseed oil prices rose up in Vidarbha region of
Western Maharashtra on fresh buying by Vansaspati millers for the marriage season amid a firming
global trend. Sentiment also improved after as Malaysian palm oil and American soya digam
recovered smartly. Healthy rise on NCDEX and fresh hike in Madhya Pradesh soyabeal oil prices
also fuelled prices, according to sources.


                       *****    

VIDARBHA MARKETS
OILS

  * Groundnut loose, groundnut refined, sunflower refined, rapeseed, linseed,
    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 but demand was poor. Easy condition in 
     international soymeal prices also affected sentiment.
         
   SOYABEAN
   * Soyabean prices suffered heavily in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor buying support from local crushing plants amid increased 
     supply from producing regions. No takers to soymeal, easy condition in Madhya 
     Pradesh soyabean prices and high moisture content arrival also pulled down prices
     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    25,000-27,000       25,000-27,600         --
    (Available price)
    Market delivery    25,100-27,100       25,100-27,700          --
    (Traders price)
    Plant delivery     29,400-29,800       29,400-29,800          --

    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               25,000-27,000
    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                20            4,300-4,600           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                40            5,400-5,800          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
                                Thursday open   Previous close   
   
    Soyoil refined crushing plant delivery         667            665
    Soyoil solvent crushing plant delivery         627            625    
    Cottonseed refined                             625            620
    Cottonseed solvent                             605            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)                     2,380          2,360

    AMRAVATI
    Soyoil refined                                 668            665
    Soyoil Solvent                                 628            625
    Cottonseed refined                             620            620
    Cottonseed solvent                             600            600

    AKOLA
    Soyoil refined                                 669            665
    Soyoil Solvent                                 629            627        
    Cottonseed refined oil                         625          620 
    Cottonseed solvent                             605            600

    DHULIA
    Soyoil refined                                 671            669
  
    AURANGABAD
    Soyoil refined 
                                                672            669
    JALNA
    Soyoil refined 
                                                   675            673
    NANDED
    Soyoil refined                                 675            674
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 672, 
    Baramati – 672, Latur - 675, Nanded – 673, Parbhani – 674,
    Koosnoor – 676, Solapur – 674, Supa – 675, Sangli – 675.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open      Previous Close
    Soymeal (Nagpur)                  24,500-25,000         24,500-25,000
      
    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. 44.5 degree Celsius, minimum temp. 30.8 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 45 and 31 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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