May 23, 2017 / 8:51 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 23, 2017

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Nagpur Soybean, Soyoil, Soymeal Open-May 23 

Nagpur, May 23 (Reuters) – In range-bound trade, major edible oil prices remained unchanged at
the Vidarbha region of Western Maharashtra today in the absence of worthwhile activity. Arrivals
and offtake too remained at a low ebb and volume of business poor. Absence of demand from
millers mainly kept major oil prices unchanged. No trader was in mood for any commitment because
of fresh fall in Malaysian palm and American soya digam prices 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 sluggish trading activity. 
  * Traders expect further nearly steady trend in major edible oils here.
    
   SOYMEAL

   * Soymeal prices today quoted static but demand was poor.
         
   SOYABEAN
   * Soyabean prices recovered in Nagpur Agriculture Produce Marketing
     Committee (APMC) on good demand from local crushing plants amid weak 
     supply from producing regions. Renewed demand from South-based plants and fresh 
     rise in Madhya Pradesh soyabean prices also boosted sentiment.
     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    25,000-27,300       25,000-27,100         --
    (Available price)
    Market delivery    25,100-27,400       25,100-27,200          --
    (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                  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 -29,600, Washim – 29,300, Dhulia – 30,400, Hingoli – 29,700, 
    Jalna – 29,800, Koosnoor – 29,700, Malkapur – 29,600, Latur – 29,700, 
    Nanded – 30,000, Solapur – 30,000, Sangli – 30,400.
        
    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
                                Tuesday open   Previous close   
   
    Soyoil refined crushing plant delivery         671            671
    Soyoil solvent crushing plant delivery         631            631    
    Cottonseed refined                             635            635
    Cottonseed solvent                             615            615
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,790          1,790
    Sunflower oil refined                          700            700
    Linseed oil                                    740            740
    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                                 672            672
    Soyoil Solvent                                 630            630
    Cottonseed refined                             635            635
    Cottonseed solvent                             615            615

    AKOLA
    Soyoil refined                                 672            672
    Soyoil Solvent                                 632            632        
    Cottonseed refined oil                         635          635 
    Cottonseed solvent                             615            615

    DHULIA
    Soyoil refined                                 677            677
  
    AURANGABAD
    Soyoil refined 
                                                678            678
    JALNA
    Soyoil refined 
                                                   680            680
    NANDED
    Soyoil refined                                 680            680
   
    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

                  Tuesday’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 – 24,800, Solapur – 25,200, Supa – n.a., 
    Dharwad – 25,600, Sangli – 26,000

WEATHER (NAGPUR)  
Maximum temp. 44.9 degree Celsius, minimum temp. 30.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 44 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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