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Nagpur Soybean, Soyoil, Soymeal Open- Nov 07
November 7, 2016 / 8:32 AM / a year ago

Nagpur Soybean, Soyoil, Soymeal Open- Nov 07

Nagpur Soybean, Soyoil, Soymeal Open-November 7

Nagpur, Nov 7 (Reuters) - Groundnut and coconut oil suffered heavily today in Vidarbha region of
Western Maharashtra on stockists selling, driven by good arrival from producing region like
Gujarath, Tamilnadu and Marathwada and weak trend there. Besides, sufficient stocks and easy
condition in Madhya Pradesh groundnut oil also affected sentiment in thin trading activity,
sources said Monday.
     

VIDARBHA MARKETS
OILS

   * Soyabean, cottonseed, sunflower, rapeseed, linseed and castor oil ruled steady 
     here in thin trading activity. 
   * Traders expect further fall in groundnut oil here.
    
   SOYMEAL

   * Soymeal prices today quoted weak here on poor demand from South-based traders amid 
     high moisture content arrival. Easy condition in international soymeal prices also 
     affected sentiment. 
        
   SOYABEAN
   * Soyabean prices moved down in Nagpur Agriculture Producing Marketing 
     Committee (APMC) auctions on poor buying support from local crushing plants amid 
     high moisture content arrival. Fresh fall on NCDEX, easy condition in Madhya Pradesh  
     soyabean prices and high content arrival also affected prices.
     About 1,000 bags of soyabean reported here, according to sources. 


 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    25,500-28,750       26,000-29,000         --
    (Available price)
    Market delivery    25,600-28,850       26,100-29,100          --
    (Traders price)
    Plant delivery     29,100-29,700       29,100-29,700          --

    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                  1,000               25,700-28,500
    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., 
    Washim - 29,000, Dhulia - 28,800, Hingoli - 28,700, Jalna - 28,700,
    Koosnoor - 29,200, Malkapur - 29,200, Latur - 28,700, Nanded - 28,400, 
    Solapur - 29,000, Sangli - 29,000.
        
    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) 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
                                 Monday open   Previous close   
   
    Soyoil refined crushing plant delivery         705            705
    Soyoil solvent crushing plant delivery         664            664    
    Cottonseed refined                             710            710
    Cottonseed solvent                             690            690
    Groundnut oil (loose)                          1,070          1,080
    Groundnut oil refined (15 Litre)               1,750          1,770
    Sunflower oil refined                          980            980
    Linseed oil                                    1,080          1,080
    Rapeseed oil (for 15 kg)                       1,210          1,210
    Castor oil (for 15 kg)                         1,230          1,230
    Coconut KP oil (for 15 kg)                     1,810          1,830

    AMRAVATI
    Soyoil refined                                 704            704
    Soyoil Solvent                                 664            664
    Cottonseed refined                             710            710
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 705            705
    Soyoil Solvent                                 664            664        
    Cottonseed refined oil                         710          710 
    Cottonseed solvent                             690            690

    DHULIA
    Soyoil refined                                 710            710
  
    AURANGABAD
    Soyoil refined 
                                                712            712
    JALNA
    Soyoil refined 
                                                   710            710
    NANDED
    Soyoil refined                                 712            712
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 712, 
    Baramati - 712, Chalisgaon - 711, Pachora - 710, Parbhani - 714,
    Koosnoor - 713, Solapur - 713, Supa - 714, Sangli - 714.
                                     
Nagpur soymeal prices in rupees per tonne

                   Monday's open      Previous Close
    Soymeal (Nagpur)                   24,200-24,600        24,400-24,800
    
    Soymeal prices at other places in Maharashtra : Adilabad - 25,800 
    Akola - 24,600, Washim - 24,900, Dhulia - 24,600, Hingoli - 25,000, 
    Jalna - 25,600, Nandurbar - 25,300, Khamgaon - 24,800, Latur - 25,500, 
    Nanded - 25,000, Parbhani - 25,000, Solapur - 25,000, Supa - n.a., Dharwad - 
    26,300, Sangli - 24,600

WEATHER (NAGPUR)  
Maximum temp. 31.5 degree Celsius, minimum temp. 13.6 degree Celsius 
Humidity: Highest - n.a., lowest - n.a.
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 31 and 13 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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