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Nagpur Soybean, Soyoil, Soymeal Open-March 08,2017
March 8, 2017 / 9:05 AM / in 9 months

Nagpur Soybean, Soyoil, Soymeal Open-March 08,2017

Nagpur Soybean, Soyoil, Soymeal Open-March 8 

Nagpur, Mar 8 (Reuters) – Soyabean oil in edible section and castor oil in non-edible section
suffered heavily in Vidarbha region of Western Maharashtra on stockists selling looking towards
March ending, driven by higher imports amid weak global cues. Fall in demand from millers and
retailers also put pressure on soyabean oil. Besides, sufficient stocks, sharp fall on NCDEX and
easy condition in Madhya Pradesh soyabean oil also affected sentiment in thin trading activity,
sources said Wednesday.


                       *****    

VIDARBHA MARKETS
OILS

  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed
    and coconut KP oil today ruled steady here in thin trading activity. 
  * Traders expect downward trend in soyabean oil.
    
   SOYMEAL

   * Soymeal prices today moved down here in absence of buyers amid release of stock from 
     stockists. Easy condition in international soymeal prices also affected sentiment.
         
   SOYABEAN
   * Soyabean prices declined in Nagpur Agriculture Produce Marketing
     Committee (APMC) on lack of demand from local crushing plants amid high moisture 
     content arrival. Fresh fall in soyabean oil & soymeal, easy condition in Madhya 
     Pradesh soyabean prices and good supply from producing regions also affected prices. 
     Nearly 1,000 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    25,000-27,250       25,000-27,500         --
    (Available price)
    Market delivery    25,100-27,350       25,100-27,600          --
    (Traders price)
    Plant delivery     28,000-29,200       28,000-29,400          --

    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               25,000-26,900
    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 -29,400, Washim – 28,500, Dhulia – 29,700, Hingoli – 28,900, 
    Jalna – 27,500, Koosnoor – 30,300, Malkapur – 29,000, Latur – 29,100, 
    Nanded – 28,900, Solapur – 29,100, Sangli – 29,800.
        
    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.                4,200-4,600
    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          n.a.           n.a.             1,300-1,500
    Dhan            n.a.                n.a.             2,200-2,250
    Cotton            n.a.              n.a.              5,305-5,610

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Wednesday open   Previous close   
   
    Soyoil refined crushing plant delivery         700            705
    Soyoil solvent crushing plant delivery         660            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                          880            880
    Linseed oil                                    900            900
    Rapeseed oil (for 15 kg)                       1,210          1,210
    Castor oil (for 15 kg)                         1,300          1,340
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 695            700
    Soyoil Solvent                                 654            662
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 696            700
    Soyoil Solvent                                 655            660        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 704            710
  
    AURANGABAD
    Soyoil refined 
                                                706            709
    JALNA
    Soyoil refined 
                                                   707            711
    NANDED
    Soyoil refined                                 707            712
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 697, 
    Baramati – 702, Latur - 702, Nanded – 700, Parbhani – 703,
    Koosnoor – 699, Solapur – 705, Supa – 704, Sangli – 708.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open      Previous Close
    Soymeal (Nagpur)                  22,700-23,000         23,000-23,400
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,400 
    Akola – 23,400, Washim – 23,200, Dhulia – 24,000, Hingoli – 23,400, 
    Jalna – 23,300, Nandurbar – 23,800, Khamgaon – 23,000, Latur – 22,800, 
    Nanded – 23,100, Parbhani – 23,500, Solapur – 23,200, Supa – n.a., 
    Dharwad – 23,600, Sangli – 23,700

WEATHER (NAGPUR)  
Maximum temp. 33.0 degree Celsius, minimum temp. 21.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 33 and 20 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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