March 15, 2017 / 8:37 AM / 8 months ago

Nagpur Soybean, Soyoil, Soymeal Open- MAR 15

Nagpur Soybean, Soyoil, Soymeal Open-March 15 

Nagpur, Mar 15 (Reuters) – Rapeseed and castor oil in non-edible section today zoomed up in the
Vidarbha region of Western Maharashtra on good buying support oil paint and allied industries
amid tight supply from producing regions. Reports about weak production in this season and
renewed demand from overseas industries also jacked up prices, according to sources. 


                       *****    

VIDARBHA MARKETS
OILS

  * In edible section, soyabean oil also reported higher here on good festival season 
    demand from local traders amid thin supply from local crushing plants. Notable rise 
    in international edible oil also boosted sentiment.
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed and 
    coconut KP oil today ruled steady here in sluggish trading activity. 
  * Traders expect further rise in rapeseed and castor oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from South-based traders 
     amid ample stock in ready position.         
                                                                          
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Wednesday open   Previous close   
   
    Soyoil refined crushing plant delivery         696            694
    Soyoil solvent crushing plant delivery         656            653    
    Cottonseed refined                             725            725
    Cottonseed solvent                             705            705
    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)                       1,220          1,210
    Castor oil (for 15 kg)                         1,400          1,350
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 691            688
    Soyoil Solvent                                 651            648
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 691            689
    Soyoil Solvent                                 651            648        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 701            699
  
    AURANGABAD
    Soyoil refined 
                                                703            701
    JALNA
    Soyoil refined 
                                                   703            701
    NANDED
    Soyoil refined                                 704            701
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 699, 
    Baramati – 701, Latur - 701, Nanded – 703, Parbhani – 703,
    Koosnoor – 700, Solapur – 704, Supa – 704, Sangli – 705.
                                     
Nagpur soymeal prices in rupees per tonne

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

WEATHER (NAGPUR)  
Maximum temp. 33.9 degree Celsius, minimum temp. 15.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 34 and 16 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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