June 5, 2017 / 8:16 AM / 5 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUN 05, 2017

Nagpur Soybean, Soyoil, Soymeal Open-June 5 

Nagpur, June 5 (Reuters) – Barring a marginal rise in soyabean oil, major edible oil prices
today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Notable rise in demand from millers and retailers against
inadequate stocks mainly pushed soyabean oil prices up. Fresh rise in Malaysian palm oil also
boosted sentiment, sources said Monday.

                       *****    

VIDARBHA MARKETS
OILS

  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position.
         
   SOYABEAN
   * Soyabean prices reported weak in Nagpur Agriculture Produce Marketing
     Committee (APMC) on lack of demand from local crushing plants. No takers to 
     soymeal, easy condition in other soyabean mandis in the regions and high 
     moisture content arrival also pulled down prices. Farmers strike in all over 
     Maharashtra affected arrival.
     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       24,100-26,700         --
    (Available price)
    Market delivery    24,100-26,600       24,200-26,800          --
    (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               24,000-26,300
    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 -28,000, Washim – 28,200, Dhulia – 27,700, Hingoli – 28,300, 
    Jalna – 28,000, Koosnoor – 28,600, Malkapur – 28,200, Latur – 28,500, 
    Nanded – 28,500, Solapur – 28,500, Sangli – 28,200.
        
    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
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         658            657
    Soyoil solvent crushing plant delivery         619            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)                       1,120          1,120
    Castor oil (for 15 kg)                         1,550          1,550
    Coconut KP oil (for 15 kg)                     2,380          2,380

    AMRAVATI
    Soyoil refined                                 658            656
    Soyoil Solvent                                 618            616
    Cottonseed refined                             645            645
    Cottonseed solvent                             625            625

    AKOLA
    Soyoil refined                                 659            657
    Soyoil Solvent                                 619            617        
    Cottonseed refined oil                         645          645 
    Cottonseed solvent                             625            625

    DHULIA
    Soyoil refined                                 664            663
  
    AURANGABAD
    Soyoil refined 
                                                664            661
    JALNA
    Soyoil refined 
                                                   666            665
    NANDED
    Soyoil refined                                 665            662
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 665, 
    Baramati – 665, Latur - 664, Nanded – 666, Parbhani – 663,
    Koosnoor – 663, Solapur – 664, Supa – 665, Sangli – 666.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open      Previous Close
    Soymeal (Nagpur)                  23,500-24,000        23,500-24,000
      
    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. 43.0 degree Celsius, minimum temp. 30.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 43 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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