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Nagpur Soybean, Soyoil, Soymeal Open-February 14,2017
February 14, 2017 / 9:03 AM / 9 months ago

Nagpur Soybean, Soyoil, Soymeal Open-February 14,2017

Nagpur Soybean, Soyoil, Soymeal Open-February 14 

Nagpur, Feb 14 (Reuters) – Major edible and non-edible oil today suffered heavily in Vidarbha
region of Western Maharashtra on stockists selling looking towards month ending, 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
Tuesday.


                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, groundnut loose, groundnut refined, rapeseed, castor and coconut KP oil 
    today declined sharply here in absence of buyers amid release of stock from stockists.
    Sharp fall in American soya digam and Malaysian palm oil also affected sentiment.

  * Cottonseed, sunflower refined and linseed oil today ruled steady here thin trading 
    activity.
 
  * Traders expect downward trend in major edible oils here.  
    
   SOYMEAL

   * Soymeal prices today moved down here on lack of demand from South-based traders.
     Easy condition in international soymeal prices also affected sentiment.
        
   SOYABEAN
   * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on poor demand from local crushing plants. Fresh fall in soyabean 
     oil, weak trend in soymeal, high moisture content arrival and downward trend in 
     Madhya Pradesh soyabean mandi also said to be the reasons for affecting prices. 
     About 1,000 soyabean bags reported for auction in Nagpur APMC, according
     to sources. 


 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    25,000-27,000       25,200-27,400         --
    (Available price)
    Market delivery    25,100-27,100       25,300-27,500          --
    (Traders price)
    Plant delivery     28,500-30,000       28,500-30,000          --

    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                  500               25,000-27,000
    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 -29,600, Washim – 29,300, Dhulia – 29,300, Hingoli – 29,400, 
    Jalna – 28,500, Koosnoor – 30,300, Malkapur – 30,000, Latur – 29,600, 
    Nanded – 29,100, Solapur – 29,700, Sangli – 29,700.
        
    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.             1,350-1,500
    Dhan            50             2,220-2,410         2,050-2,400
    Cotton            70        5,000-5,700              5,400-5,640

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Tuesday open   Previous close   
   
    Soyoil refined crushing plant delivery         736            742
    Soyoil solvent crushing plant delivery         696            702    
    Cottonseed refined                             745            745
    Cottonseed solvent                             725            725
    Groundnut oil (loose)                          1,010          1,020
    Groundnut oil refined (15 Litre)               1,680          1,690
    Sunflower oil refined                          1,010          1,010
    Linseed oil                                    960            960
    Rapeseed oil (for 15 kg)                       1,280          1,300
    Castor oil (for 15 kg)                         1,300          1,320
    Coconut KP oil (for 15 kg)                     2,400          2,430

    AMRAVATI
    Soyoil refined                                 735            742
    Soyoil Solvent                                 695            702
    Cottonseed refined                             745            745
    Cottonseed solvent                             725            725

    AKOLA
    Soyoil refined                                 734            742
    Soyoil Solvent                                 696            701        
    Cottonseed refined oil                         745          745 
    Cottonseed solvent                             725            725

    DHULIA
    Soyoil refined                                 742            747
  
    AURANGABAD
    Soyoil refined 
                                                742            746
    JALNA
    Soyoil refined 
                                                   744            747
    NANDED
    Soyoil refined                                 744            748
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 743, 
    Baramati – 741, Latur - 740, Nanded – 742, Parbhani – 743,
    Koosnoor – 745, Solapur – 743, Supa – 743, Sangli – 745.
                                     
Nagpur soymeal prices in rupees per tonne

                  Tuesday’s open       Previous Close
    Soymeal (Nagpur)                  22,800-23,200         23,000-23,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,700 
    Akola – 23,500, Washim – 23,500, Dhulia – 24,500, Hingoli – 23,500, 
    Jalna – 23,800, Nandurbar – 24,300, Khamgaon – 23,200, Latur – 23,500, 
    Nanded – 23,500, Parbhani – 23,500, Solapur – 23,500, Supa – n.a., 
    Dharwad – 24,400, Sangli – 24,000

WEATHER (NAGPUR)  
Maximum temp. 31.7 degree Celsius, minimum temp. 17.2 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with light rains. Maximum and minimum temperature would be around
and 32 and 17 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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