June 1, 2017 / 7:34 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 01, 2017

Nagpur Soybean, Soyoil, Soymeal Open-June 1 

Nagpur, June 1 (Reuters) – Soyabean oil prices rose up in Vidarbha region of Western Maharashtra
on fresh buying by Vansaspati millers for the marriage season amid a firming global trend.
Sentiment also improved after as Malaysian palm oil recovered smartly. Healthy rise on NCDEX and
fresh hike in Madhya Pradesh soyabeal oil prices also fuelled prices, according to sources.


                       *****    

VIDARBHA MARKETS
OILS

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

   * Soymeal prices today declined sharply here on lack of demand from South-based 
     traders amid profit-taking selling by stockists at higher level.
         
   SOYABEAN
   * Soyabean prices declined further in Nagpur Agriculture Produce Marketing
     Committee (APMC) on lack of demand from local crushing plants. Sharp fall in soymeal, 
     easy condition in Madhya soyabean prices and poor quality arrival also affected 
     prices in thin trading activity. 
     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    24,000-26,500       24,000-26,700         --
    (Available price)
    Market delivery    24,100-26,600       24,100-26,800          --
    (Traders price)
    Plant delivery     27,500-28,200       27,500-28,200          --

    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                  500               24,000-26,000
    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 -28,200, Washim – 28,200, Dhulia – 27,700, Hingoli – 28,300, 
    Jalna – 28,300, Koosnoor – 28,600, Malkapur – 28,600, Latur – 28,400, 
    Nanded – 28,000, Solapur – 28,700, Sangli – 28,500.
        
    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.           4,300-4,600
    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.           5,400-5,800 
    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
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         660            657
    Soyoil solvent crushing plant delivery         620            618    
    Cottonseed refined                             645            645
    Cottonseed solvent                             625            625
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,790          1,790
    Sunflower oil refined                          730            730
    Linseed oil                                    740            740
    Rapeseed oil (for 15 kg)                       1,140          1,140
    Castor oil (for 15 kg)                         1,550          1,550
    Coconut KP oil (for 15 kg)                     2,380          2,380

    AMRAVATI
    Soyoil refined                                 666            662
    Soyoil Solvent                                 626            622
    Cottonseed refined                             645            645
    Cottonseed solvent                             625            625

    AKOLA
    Soyoil refined                                 666            664
    Soyoil Solvent                                 626            623        
    Cottonseed refined oil                         645          645 
    Cottonseed solvent                             625            625

    DHULIA
    Soyoil refined                                 667            661
  
    AURANGABAD
    Soyoil refined 
                                                668            663
    JALNA
    Soyoil refined 
                                                   668            661
    NANDED
    Soyoil refined                                 666            666
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 666, 
    Baramati – 669, Latur - 668, Nanded – 670, Parbhani – 668,
    Koosnoor – 667, Solapur – 668, Supa – 670, Sangli – 670.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open      Previous Close
    Soymeal (Nagpur)                  23,500-24,000        24,000-24,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 24,200 
    Akola – 23,700, Washim – 24,100, Dhulia – 23,900, Hingoli – 24,200, 
    Jalna – 24,000, Nandurbar – 24,000, Khamgaon – 23,800, Latur – 24,000, 
    Nanded – 24,500, Parbhani – 24,100, Solapur – 24,200, Supa – n.a., 
    Dharwad – 24,400, Sangli – 24,800

WEATHER (NAGPUR)  
Maximum temp. 40.0 degree Celsius, minimum temp. 28.2 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 41 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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