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Nagpur Soybean, Soyoil, Soymeal Open- May 25, 2017
May 25, 2017 / 8:59 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 25, 2017

Nagpur Soybean, Soyoil, Soymeal Open-May 25 Welcome

Nagpur, May 25 (Reuters) – Cottonseed and sunflower oil prices strengthened in Vidarbha region
of Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in
producing regions. Upward trend in Madhya Pradesh oils and enquiries from South-based traders
also jacked up prices, sources said Thursday.


                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, groundnut loose, groundnut refined, rapeseed, linseed, castor and coconut 
     KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further rise in sunflower oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position.
         
   SOYABEAN
   * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing
     Committee (APMC) on good demand from local crushing plants. Fresh rise in      
     soyabean prices and reported demand from South-based plants also jacked up prices in 
     limited deals.
     About 900 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    25,000-27,400       25,000-27,100         --
    (Available price)
    Market delivery    25,100-27,500       25,100-27,200          --
    (Traders price)
    Plant delivery     29,300-29,800       29,300-29,800          --

    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                  400               24,800-27,200
    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 -29,100, Washim – 29,000, Dhulia – 29,800, Hingoli – 29,200, 
    Jalna – 29,300, Koosnoor – 29,200, Malkapur – 29,600, Latur – 29,200, 
    Nanded – 29,500, Solapur – 29,500, Sangli – 30,100.
        
    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
                                Thursday open   Previous close   
   
    Soyoil refined crushing plant delivery         665            665
    Soyoil solvent crushing plant delivery         625            625    
    Cottonseed refined                             640            635
    Cottonseed solvent                             620            615
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,790          1,790
    Sunflower oil refined                          710            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                                 671            671
    Soyoil Solvent                                 631            631
    Cottonseed refined                             640            635
    Cottonseed solvent                             620            615

    AKOLA
    Soyoil refined                                 670            670
    Soyoil Solvent                                 630            630        
    Cottonseed refined oil                         635          635 
    Cottonseed solvent                             615            615

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

                  Thursday’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. 45.2 degree Celsius, minimum temp. 28.0 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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