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Nagpur Soybean, Soyoil, Soymeal Open- April 17, 2017
April 17, 2017 / 8:27 AM / 8 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 17, 2017

Nagpur Soybean, Soyoil, Soymeal Open-April 17 

Nagpur, April 17 (Reuters) – In range-bound trade, soyabean oil in edible section and linseed
oil in non-edible section moved down at the Vidarbha region of Western Maharashtra today largely
on reduced offtake amid trend in producing region. Trading activity was reported weak because of
good recovery in Malyaian palm oil. Downward trend in Madhya Pradesh soyabean oil prices also
affected sentiment, according to sources.


                       *****    

VIDARBHA MARKETS
OILS

  * On the other hand, coconut KP recovered strongly here on good marriage season demand 
    from local traders amid thin supply from producing regions.
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, 
    rapeseed and castor today ruled steady here in sluggish trading activity.
  * Traders expect further fall in soyabean oil here.
    
   SOYMEAL

   * Soymeal prices today reported strong here on renewed demand from South-based traders 
     amid thin supply from local crushing plants. Notable hike in overseas soymeal prices 
     also boosted sentiment.
         
   SOYABEAN
   * Soyabean prices suffered heavily in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor demand from local crushing plants. Weak condition in 
     soyabean oil, sharp fall in soyabean prices in other mandi in the regions, downward 
     trend in Madhya Pradesh soyabean prices and high poor quality arrival also pushed
     down prices. 
     About 700 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    23,000-28,500       23,600-28,200         --
    (Available price)
    Market delivery    23,100-28,600       23,700-28,300          --
    (Traders price)
    Plant delivery     29,500-31,000       29,500-31,000          --

    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                  300               24,500-28,200
    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 -29,000, Washim – 29,000, Dhulia – 29,900, Hingoli – 30,500, 
    Jalna – 29,500, Koosnoor – 30,500, Malkapur – 29,400, Latur – 30,800, 
    Nanded – 30,400, Solapur – 31,000, Sangli – 30,700.
        
    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.                5,500-6,000 
    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.             4,950-5,450

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Monday open   Previous close   
   
    Soyoil refined crushing plant delivery         658            663
    Soyoil solvent crushing plant delivery         618            622    
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580
    Groundnut oil (loose)                          1,140          1,140
    Groundnut oil refined (15 Litre)               1,780          1,780
    Sunflower oil refined                          880            880
    Linseed oil                                    870            880
    Rapeseed oil (for 15 kg)                       1,170          1,170
    Castor oil (for 15 kg)                         1,630          1,630
    Coconut KP oil (for 15 kg)                     2,400          2,380

    AMRAVATI
    Soyoil refined                                 655            660
    Soyoil Solvent                                 615            620
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580

    AKOLA
    Soyoil refined                                 656            661
    Soyoil Solvent                                 616            621        
    Cottonseed refined oil                         600          600 
    Cottonseed solvent                             580            580

    DHULIA
    Soyoil refined                                 665            670
  
    AURANGABAD
    Soyoil refined 
                                                666            671
    JALNA
    Soyoil refined 
                                                   665            668
    NANDED
    Soyoil refined                                 668            672
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 667, 
    Baramati – 668, Latur - 665, Nanded – 669, Parbhani – 666,
    Koosnoor – 668, Solapur – 666, Supa – 668, Sangli – 670.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open      Previous Close
    Soymeal (Nagpur)                  25,200-25,600         24,600-25,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,000 
    Akola – 24,900, Washim – 24,900, Dhulia – 26,000, Hingoli – 25,700, 
    Jalna – 26,700, Nandurbar – 25,800, Khamgaon – 24,900, Latur – 25,800, 
    Nanded – 25,800, Parbhani – 25,500, Solapur – 26,500, Supa – n.a., 
    Dharwad – 26,200, Sangli – 26,500

WEATHER (NAGPUR)  
Maximum temp. 45.0 degree Celsius, minimum temp. 25.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 45 and 26 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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