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Nagpur Soybean, Soyoil, Soymeal Open- April 21, 2017
April 21, 2017 / 10:04 AM / 7 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 21, 2017

Nagpur, April 21 (Reuters) – Groundnut oil prices today strengthened in Vidarbha region of
Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing
regions Like Gujarath, Tamilnadu and Marathwada. Reported demand from Madhya Pradesh traders
looking towards marriage season and weak supply also fuelled prices, according to sources,
sources said Friday.

                       *****    

VIDARBHA MARKETS
OILS

  * On the other hand, soyabean, sunflower, linseed and castor oil today declined in
    absence of buyers amid profit-taking selling by stockists at higher level.
  * Cottonseed, rapeseed and coconut KP oil today ruled steady here in sluggish trading 
    activity.
  * Traders expect further rise in groundnut oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
   * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing
     Committee (APMC) on good demand from local crushing plants amid weak supply 
     from producing regions. Healthy rise in Madhya Pradesh soyabean prices and reported 
     demand from South-based plants also boosted 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    25,500-28,200       25,000-28,200         --
    (Available price)
    Market delivery    25,600-28,300       25,100-28,300          --
    (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                  200               25,000-28,000
    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 -30,600, Washim – 30,600, Dhulia – 30,300, Hingoli – 31,100, 
    Jalna – 30,500, Koosnoor – 30,500, Malkapur – 29,400, Latur – 31,000, 
    Nanded – 31,200, Solapur – 31,300, Sangli – 31,100.
        
    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.             4,950-5,025

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Friday open   Previous close   
   
    Soyoil refined crushing plant delivery         643            647
    Soyoil solvent crushing plant delivery         603            600    
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580
    Groundnut oil (loose)                          1,160          1,140
    Groundnut oil refined (15 Litre)               1,800          1,780
    Sunflower oil refined                          820            840
    Linseed oil                                    820            840
    Rapeseed oil (for 15 kg)                       1,160          1,160
    Castor oil (for 15 kg)                         1,620          1,600
    Coconut KP oil (for 15 kg)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 640            633
    Soyoil Solvent                                 600            603
    Cottonseed refined                             600            600
    Cottonseed solvent                             580            580

    AKOLA
    Soyoil refined                                 639            644
    Soyoil Solvent                                 599            602        
    Cottonseed refined oil                         600          600 
    Cottonseed solvent                             580            580

    DHULIA
    Soyoil refined                                 648            650
  
    AURANGABAD
    Soyoil refined 
                                                646            650
    JALNA
    Soyoil refined 
                                                   645            650
    NANDED
    Soyoil refined                                 646            648
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 647, 
    Baramati – 646, Latur - 644, Nanded – 647, Parbhani – 647,
    Koosnoor – 644, Solapur – 645, Supa – 646, Sangli – 648.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’s open      Previous Close
    Soymeal (Nagpur)                  25,600-26,000      25,600-26,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,500 
    Akola – 25,800, Washim – 25,900, Dhulia – 26,800, Hingoli – 26,000, 
    Jalna – 26,300, Nandurbar – 26,600, Khamgaon – 25,900, Latur – 26,000, 
    Nanded – 25,800, Parbhani – 25,500, Solapur – 26,600, Supa – n.a., 
    Dharwad – 26,400, Sangli – 26,700

WEATHER (NAGPUR)  
Maximum temp. 45.0 degree Celsius, minimum temp. 27.4 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 45 and 27 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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