March 1, 2017 / 8:24 AM / 9 months ago

Nagpur Soybean, Soyoil, Soymeal Open-March 01,2017

Nagpur Soybean, Soyoil, Soymeal Open-March 1 

Nagpur, Mar 1 (Reuters) – Soyabean oil prices geared up in Vidarbha region of Western
Maharashtra today on increased offtake by vanaspati millers amid a firming global trend. Buying
activity reported high as palm oil prices in Malaysia, the second largest producer, quoted
strong. Healthy hike on NCDEX,uUpward trend in American soya digam prices and notable rise in
Madhya Pradesh edible oil also boosted sentiment, sources said Wednesday. 


                       *****    

VIDARBHA MARKETS
OILS

  * Meanwhile, rapeseed oil reported suffered heavily here in absence of buyers amid 
    release of stock from stockists.

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

   * Soymeal prices ruled recovered strongly here on renewed demand from South-based 
     traders amid thin supply from local crushing plants. Fresh rise in overseas soymeal 
     prices also boosted sentiment. 
         
   SOYABEAN
   * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing
     Committee (APMC) on good buying support from local crushing plants amid weak supply 
     from producing regions. Notable hike in Madhya Pradesh soyabean and upward trend on 
     NCDEX also helped to push up prices.
     About 400 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       24,800-27,000         --
    (Available price)
    Market delivery    25,100-27,400       24,900-27,100          --
    (Traders price)
    Plant delivery     28,250-29,500       28,250-29,500          --

    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               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 -29,300, Washim – 28,000, Dhulia – 29,600, Hingoli – 28,800, 
    Jalna – 27,200, Koosnoor – 30,300, Malkapur – 29,000, Latur – 29,000, 
    Nanded – 28,800, Solapur – 29,000, Sangli – 29,750.
        
    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.                4,200-4,600
    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                n.a.            n.a.                6,500-7,000 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          25        1,300-1,500         1,350-1,500
    Dhan            100             2,200-2,250         2,211-2,500
    Cotton            80           5,500-5,700              5,600-5,700

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Wednesday open   Previous close   
   
    Soyoil refined crushing plant delivery         709            705
    Soyoil solvent crushing plant delivery         669            665    
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710
    Groundnut oil (loose)                          980            980
    Groundnut oil refined (15 Litre)               1,640          1,640
    Sunflower oil refined                          890            890
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,230          1,240
    Castor oil (for 15 kg)                         1,280          1,280
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 708            705
    Soyoil Solvent                                 668            665
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 708            704
    Soyoil Solvent                                 668            664        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 712            710
  
    AURANGABAD
    Soyoil refined 
                                                714            711
    JALNA
    Soyoil refined 
                                                   715            712
    NANDED
    Soyoil refined                                 717            714
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 716, 
    Baramati – 715, Latur - 718, Nanded – 717, Parbhani – 716,
    Koosnoor – 718, Solapur – 717, Supa – 716, Sangli – 719.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open        Previous Close
    Soymeal (Nagpur)                  23,000-23,500           22,500-23,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,900 
    Akola – 23,400, Washim – 23,700, Dhulia – 24,500, Hingoli – 23,900, 
    Jalna – 23,700, Nandurbar – 24,300, Khamgaon – 23,400, Latur – 23,800, 
    Nanded – 23,600, Parbhani – 23,900, Solapur – 23,800, Supa – n.a., 
    Dharwad – 24,000, Sangli – 24,200

WEATHER (NAGPUR)  
Maximum temp. 35.7 degree Celsius, minimum temp. 15.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 36 and 15 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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