May 19, 2017 / 8:18 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 19, 2017

Nagpur Soybean, Soyoil, Soymeal Open-May 19 

Nagpur, May 19 (Reuters) – In a range-bound trading, oil market in Vidarbha in Western part of
Maharashtra remained steady today as prices moved in narrow range and settled around previous
levels. Scattered enquiries against adequate stocks position mainly kept oil prices intact. No
trader was in mood for any commitment and adopting wait and watch move, according to sources.


                       *****    

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 oils here.
    
   SOYMEAL

   * Soymeal prices today declined here on poor buying support from South-based traders 
     amid release of stock from stockists.
         
   SOYABEAN
   * Soyabean prices recovered in Nagpur Agriculture Produce Marketing
     Committee (APMC) on good buying support from local crushing plants amid weak 
     supply from producing regions. Fresh rise in Madhya Pradesh soyabean prices and 
     enquiries from South-based plants also boosted prices.
     About 850 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    25,000-27,300       25,000-27,000         --
    (Available price)
    Market delivery    25,100-27,400       25,100-27,100          --
    (Traders price)
    Plant delivery     29,500-30,000       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                  500               25,000-27,100
    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.           4,300-4,600
    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.           5,400-5,800 
    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
                                Friday open   Previous close   
   
    Soyoil refined crushing plant delivery         665            665
    Soyoil solvent crushing plant delivery         625            625    
    Cottonseed refined                             625            625
    Cottonseed solvent                             605            605
    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          2,380

    AMRAVATI
    Soyoil refined                                 666            666
    Soyoil Solvent                                 626            626
    Cottonseed refined                             625            625
    Cottonseed solvent                             605            605

    AKOLA
    Soyoil refined                                 667            667
    Soyoil Solvent                                 627            627        
    Cottonseed refined oil                         625          625 
    Cottonseed solvent                             605            605

    DHULIA
    Soyoil refined                                 671            671
  
    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 – 672, Latur - 675, Nanded – 673, Parbhani – 674,
    Koosnoor – 676, Solapur – 674, Supa – 675, Sangli – 675.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’s open      Previous Close
    Soymeal (Nagpur)                  24,400-24,900      24,500-25,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,200 
    Akola – 24,700, Washim – 25,100, Dhulia – 24,800, Hingoli – 25,200, 
    Jalna – 25,000, Nandurbar – 24,800, Khamgaon – 24,600, Latur – 24,500, 
    Nanded – 25,000, Parbhani – 25,300, Solapur – 25,200, Supa – n.a., 
    Dharwad – 26,000, Sangli – 26,000

WEATHER (NAGPUR)  
Maximum temp. 45.0 degree Celsius, minimum temp. 32.0 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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