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Nagpur Soybean, Soyoil, Soymeal Open- February 03, 2017
February 3, 2017 / 9:02 AM / 10 months ago

Nagpur Soybean, Soyoil, Soymeal Open- February 03, 2017

Nagpur Soybean, Soyoil, Soymeal Open-February 3

Nagpur, Feb 3 (Reuters) – Prices of Coconut KP oil continued to rise in Vidarbha region on
Western Maharashtra today on increased demand by local parties amid weak arrival from producing
regions. Reports about weak crop position in producing regions, upward trend on Madhya Pradesh
coconut oil also jacked up prices. This oil also attracted buying support from speculators and
shot up to record notable gains, sources said Friday.

                       *****    

VIDARBHA MARKETS
OILS
  
  * Soyabean, cottonseed, sunflower refined, rapeseed, linseed and castor oils ruled 
    steady here in sluggish trading activity. 
  * Traders expect further rise in coconut oil. Trading activity in major edible oil 
    reported weak today as no trader was in mood for any commitment because of downward 
    trend in Malaysian palm oil.  
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position.
        
   SOYABEAN
   * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
     Committee (APMC) auctions on lack of buying support from local crushing plants amid 
     high moisture content arrival. No takers to soyabean oil & soymeal and release of 
     stock from stockists also pushed down prices.
     About 1,000 soyabean bags reported for auction in Nagpur APMC, according
     to sources. soyabean 


 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    25,000-27,600       25,400-28,000         --
    (Available price)
    Market delivery    25,100-27,200       25,500-28,100          --
    (Traders price)
    Plant delivery     28,500-29,600       28,500-29,600          --

    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                  300               25,000-27,200
    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 -29,200, Washim – 29,000, Dhulia – 29,200, Hingoli – 29,500, 
    Jalna – 28,900, Koosnoor – 30,300, Malkapur – 30,000, Latur – 29,400, 
    Nanded – 28,400, Solapur – 29,400, Sangli – 29,200.
        
    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.                4,200-4,600
    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.                6,500-7,000 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,250-1,400
    Dhan            90             2,000-2,240        2,050-2,200
    Cotton            n.a.           n.a.              5,475-5,550

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Friday open   Previous close   
   
    Soyoil refined crushing plant delivery         743            743
    Soyoil solvent crushing plant delivery         703            703    
    Cottonseed refined                             750            750
    Cottonseed solvent                             730            730
    Groundnut oil (loose)                          1,020          1,030
    Groundnut oil refined (15 Litre)               1,690          1,690
    Sunflower oil refined                          1,010          1,010
    Linseed oil                                    980            980
    Rapeseed oil (for 15 kg)                       1,370          1,370
    Castor oil (for 15 kg)                         1,320          1,320
    Coconut KP oil (for 15 kg)                     2,345          2,320

    AMRAVATI
    Soyoil refined                                 741            741
    Soyoil Solvent                                 701            701
    Cottonseed refined                             750            750
    Cottonseed solvent                             730            730

    AKOLA
    Soyoil refined                                 741            741
    Soyoil Solvent                                 701            701        
    Cottonseed refined oil                         750          750 
    Cottonseed solvent                             730            730

    DHULIA
    Soyoil refined                                 749            749
  
    AURANGABAD
    Soyoil refined 
                                                750            750
    JALNA
    Soyoil refined 
                                                   750            750
    NANDED
    Soyoil refined                                 753            753
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 751, 
    Baramati – 749, Chalisgaon – 750, Pachora – 752, Parbhani – 753,
    Koosnoor – 748, Solapur – 750, Supa – 751, Sangli – 751.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’s open       Previous Close
    Soymeal (Nagpur)                  23,000-23,500         23,000-23,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,700 
    Akola – 23,500, Washim – 23,900, Dhulia – 23,800, Hingoli – 23,500, 
    Jalna – 24,000, Nandurbar – 23,500, Khamgaon – 23,500, Latur – 24,000, 
    Nanded – 23,400, Parbhani – 23,300, Solapur – 23,800, Supa – n.a., 
    Dharwad – 23,700, Sangli – 24,000

WEATHER (NAGPUR)  
Maximum temp. 31.8 degree Celsius, minimum temp. 14.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 14 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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