May 22, 2017 / 8:50 AM / 3 months ago

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

Nagpur Soybean, Soyoil, Soymeal Open-May 22 

Nagpur, May 22 (Reuters) – Soyabean, cottonseed and sunflower refined oil prices today zoomed up
in Vidarbha region of Western Maharashtra on increased offtake by vanaspati millers amid a
firming global trend. Buying activity in edible oils picked up as Malaysian palm oil climbed in
overseas markets. Sharp rise on NCDEX, healthy rise in Madhya Pradesh edible oil and reported
demand from South-based traders also fuelled prices, sources said Monday.


                       *****    

VIDARBHA MARKETS
OILS

  * Groundnut loose, groundnut refined, rapeseed, linseed, castor and coconut KP oil
    ruled steady here in thin deals. 
  * Traders expect further rise in soyabean and cottonseed oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position.
         
   SOYABEAN
   * Soyabean prices declined sharply in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor buying support from local crushing plants amid good 
     supply from producing regions. Easy condition in Madhya Pradesh soyabean prices and 
     release of stock from stockists also pulled down prices.
     About 800 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    25,000-27,200       25,000-27,800         --
    (Available price)
    Market delivery    25,100-27,300       25,100-27,900          --
    (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                  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 -29,700, Washim – 29,400, Dhulia – 30,400, Hingoli – 29,700, 
    Jalna – 29,800, Koosnoor – 29,700, Malkapur – 29,600, Latur – 29,700, 
    Nanded – 30,200, Solapur – 30,000, Sangli – 30,500.
        
    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
                                Monday open   Previous close   
   
    Soyoil refined crushing plant delivery         671            665
    Soyoil solvent crushing plant delivery         631            625    
    Cottonseed refined                             635            625
    Cottonseed solvent                             615            605
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,790          1,790
    Sunflower oil refined                          700            680
    Linseed oil                                    740            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                                 670            666
    Soyoil Solvent                                 630            626
    Cottonseed refined                             635            625
    Cottonseed solvent                             615            605

    AKOLA
    Soyoil refined                                 670            667
    Soyoil Solvent                                 630            627        
    Cottonseed refined oil                         635          625 
    Cottonseed solvent                             615            605

    DHULIA
    Soyoil refined                                 677            672
  
    AURANGABAD
    Soyoil refined 
                                                678            672
    JALNA
    Soyoil refined 
                                                   680            675
    NANDED
    Soyoil refined                                 680            675
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 678, 
    Baramati – 678, Latur - 680, Nanded – 679, Parbhani – 681,
    Koosnoor – 681, Solapur – 682, Supa – 681, Sangli – 682.
                                     
Nagpur soymeal prices in rupees per tonne

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

WEATHER (NAGPUR)  
Maximum temp. 45.5 degree Celsius, minimum temp. 29.6 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 45 and 30
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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