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Nagpur Soybean, Soyoil, Soymeal Open-Oct 13
October 13, 2016 / 9:41 AM / a year ago

Nagpur Soybean, Soyoil, Soymeal Open-Oct 13

Nagpur Soybean, Soyoil, Soymeal Open-October 13

Nagpur, Oct 13 (Reuters) - Soyabean oil today suffered heavily in Vidarbha region of Western
Maharashtra on stockists selling, driven by higher imports amid weak global cues. Fall in demand
from millers and retailers also put pressure on soyabean oil. Besides, sufficient stocks, sharp
fall on NCDEX and easy condition in Madhya Pradesh soyabean oil also affected sentiment in thin
trading activity, sources said Thursday.
     
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    VIDARBHA MARKETS
    OILS
   
   * Rapeseed and castor oil in non-edible section also reported down in absence of 
     buyers amid release of stock from stockists.
   * Groundnut loose, groundnut refined, cottonseed, sunflower refined, linseed and 
     coconut KP oil ruled steady here in sluggish trading activity. 
   * Traders expect downward trend in soyabean oil here
    
   SOYMEAL
   * Prices today declined sharply here in absence of buyers amid good supply from 
     crushing plants. Easy condition in international soymeal prices also affected 
     sentiment.
        
   SOYABEAN
   * Soyabean prices reported higher in Nagpur Agriculture Produce and Marketing     
     Committee (APMC) on good demand from local crushing plants amid weak supply from 
     producing belt. Fresh rise in Madhya Pradesh soyabean prices and reported 
     demand from South-based plants also boosted prices.  
     Nearly 1,000 soyabean bags (moisture content about 20 per cent) 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    26,000-30,000       26,000-29,600         --
    (Available price)
    Market delivery    26,100-30,100       26,100-29,700          --
    (Traders price)
    Plant delivery     30,500-31,000       30,500-31,000          --

    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            26,900-30,000
    Amravati               200                   25,700-30,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 200            26,000-30,000 
    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., 
    Washim - 30,400, Dhulia - 31,000, Hingoli - 30,200, Jalna - 31,000,
    Koosnoor - 30,200, Malkapur - 34,700, Latur - 30,200, Nanded - 31,000, 
    Solapur - 30,100, Sangli - 29,500.
        
    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) 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.            3,000-3,200
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,500-8,000
    Dhaniya                n.a.            n.a.            7,000-7,500 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.          1,350-1,376
    Dhan            n.a.               n.a.            1,800-1,950

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                 Thursday's open   Previous close   
   
    Soyoil refined crushing plant delivery         699            704
    Soyoil solvent crushing plant delivery         660            666    
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695
    Groundnut oil (loose)                          1,160          1,160
    Groundnut oil refined (15 Litre)               1,900          1,900
    Sunflower oil refined                          990            990
    Linseed oil                                    1,160          1,160
    Rapeseed oil (for 15 kg)                       1,190          1,200
    Castor oil (for 15 kg)                         1,250          1,260
    Coconut KP oil (for 15 kg)                     1,880          1,880

    AMRAVATI
    Soyoil refined                                 694            700
    Soyoil Solvent                                 654            660
    Cottonseed refined                             710            710
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 695            700
    Soyoil Solvent                                 655            660        
    Cottonseed refined oil                         710          710 
    Cottonseed solvent                             690            690

    DHULIA
    Soyoil refined                                 707            711
  
    AURANGABAD
    Soyoil refined 
                                                707            710
    JALNA
    Soyoil refined 
                                                   709            712
    NANDED
    Soyoil refined                                 709            711
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 707, 
    Baramati - 707, Chalisgaon - 709, Pachora - 710, Parbhani - 708,
    Koosnoor - 708, Solapur - 709, Supa - 708, Sangli - 710.
                                     
Nagpur soymeal prices in rupees per tonne

                   Thursday's open      Previous Close
    Soymeal (Nagpur)                   29,000-29,500       29,500-29,900
    
    Soymeal prices at other places in Maharashtra : Adilabad - 30,000 
    Akola - 29,300, Washim - 29,600, Dhulia - 29,700, Hingoli - 30,100, 
    Jalna - 30,500, Nandurbar - 29,200, Khamgaon - 28,800, Latur - 29,500, 
    Nanded - 30,000, Pachora - n.a., Solapur - 28,600, Supa - n.a., Dharwad - 
    29,700, Sangli - 29,000

WEATHER (NAGPUR)  
Maximum temp. 33.5 degree Celsius (92.3 degree Fahrenheit), minimum temp.
16.2 degree Celsius (61.2 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 34 and 16 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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