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Nagpur Soybean, Soyoil, Soymeal Open- April 19, 2017
April 19, 2017 / 9:01 AM / 7 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 19, 2017

Nagpur Soybean, Soyoil, Soymeal Open-April 19 

Nagpur, April 19 (Reuters) – The slide in select edible and non-edible oil prices continued
unabated in Vidarbha region of Western Maharashtra for third day today on persistent selling by
stockists amid good supply from producing regions and weak trends in overseas markets. Sentiment
turned bearish as Malaysian palm oil and American soya digam reported down. Fresh fall on NCDEX
in soyabean oil and downward trend in Madhya Pradesh edible oil prices also affected sentiment,
according to sources.

                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, sunflower, linseed and castor oil today declined sharply here on poor 
    demand from local traders amid profit-taking selling by stockists at higher level.
  * Cottonseed, groundnut loose, groundnut refined, rapeseed and coconut KP oil today 
    ruled steady here in limited deals.
  * Traders expect downward trend in edible and non-edible oils here.
    
   SOYMEAL

   * Soymeal prices today firmed up here on good demand from South-based traders amid
     weak supply from local crushing plants.
         
   SOYABEAN
   * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing
     Committee (APMC) on lack of buying support from local crushing plants. Continuous 
     fall soyabean oil, easy condition in Madhya Pradesh soyabean mandi and high moisture
     content arrival also pulled down prices.  
     About 600 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    25,500-28,300       25,500-28,600         --
    (Available price)
    Market delivery    25,600-28,400       25,600-28,700          --
    (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                  200               24,900-28,000
    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 -30,300, Washim – 30,300, Dhulia – 30,300, Hingoli – 31,100, 
    Jalna – 30,500, Koosnoor – 30,500, Malkapur – 29,400, Latur – 31,000, 
    Nanded – 31,100, Solapur – 31,300, Sangli – 31,000.
        
    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            20              4,950-5,025      4,950-5,450

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Wednesday open   Previous close   
   
    Soyoil refined crushing plant delivery         651            655
    Soyoil solvent crushing plant delivery         611            615    
    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                          840            860
    Linseed oil                                    840            860
    Rapeseed oil (for 15 kg)                       1,160          1,160
    Castor oil (for 15 kg)                         1,600          1,610
    Coconut KP oil (for 15 kg)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 647            651
    Soyoil Solvent                                 607            612
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580

    AKOLA
    Soyoil refined                                 646            650
    Soyoil Solvent                                 606            610        
    Cottonseed refined oil                         600          600 
    Cottonseed solvent                             580            580

    DHULIA
    Soyoil refined                                 658            662
  
    AURANGABAD
    Soyoil refined 
                                                660            662
    JALNA
    Soyoil refined 
                                                   659            664
    NANDED
    Soyoil refined                                 660            663
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 660, 
    Baramati – 660, Latur - 658, Nanded – 661, Parbhani – 661,
    Koosnoor – 658, Solapur – 659, Supa – 660, Sangli – 661.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open      Previous Close
    Soymeal (Nagpur)                  25,400-25,800         25,200-25,600
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,000 
    Akola – 25,500, Washim – 25,600, Dhulia – 26,800, Hingoli – 25,700, 
    Jalna – 26,700, Nandurbar – 26,600, Khamgaon – 24,900, Latur – 25,800, 
    Nanded – 25,800, Parbhani – 25,500, Solapur – 26,600, Supa – n.a., 
    Dharwad – 26,200, Sangli – 26,500

WEATHER (NAGPUR)  
Maximum temp. 45.5 degree Celsius, minimum temp. 29.7 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 45 and 29 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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