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Nagpur Soybean, Soyoil, Soymeal Open-February 15,2017
February 15, 2017 / 8:01 AM / in 10 months

Nagpur Soybean, Soyoil, Soymeal Open-February 15,2017

Nagpur Soybean, Soyoil, Soymeal Open-February 15 

Nagpur, Feb 15 (Reuters) – The slide in select edible and non-edible oil prices continued
unabated in Vidarbha region of Western Maharashtra for third day today on persistent selling by
stockists amid good supply from producing regions and weak trends in overseas markets. Sentiment
turned bearish as Malaysian palm oil reported down. Fresh fall on NCDEX in soyabean oil and
downward trend in Madhya Pradesh edible oil prices also affected sentiment, according to
sources.


                       *****    

VIDARBHA MARKETS
OILS

  * Groundnut loose, groundnut refined, sunflower refined, linseed, castor and coconut KP 
    oil declined further today on poor demand from local traders amid good supply from 
    producing regions.

  * Soyabean, cottonseed and rapeseed oil today ruled steady here sluggish trading 
    activity.
 
  * Traders expect further fall in coconut KP oil here.  
    
   SOYMEAL

   * Soymeal prices today reported sharp fall here on poor demand from South-based 
     traders amid good supply from local crushing plants. Downward trend in international 
     soymeal prices also affected sentiment.
         
   SOYABEAN
   * Soyabean prices moved down again in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on poor demand from local crushing plants. Sharp fall in soymeal, 
     no taker to soyabean oil, poor quality arrival and fresh fall in Madhya Pradesh 
     soyabean prices also pulled down prices here on weak trading activity. 
     Between 1,000 and 1,500 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       25,500-27,300         --
    (Available price)
    Market delivery    25,100-27,100       25,600-27,400          --
    (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                  400               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            90             2,200-2,500         2,220-2,410
    Cotton            160        5,440-5,665              5,500-5,700

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Wednesday open   Previous close   
   
    Soyoil refined crushing plant delivery         736            736
    Soyoil solvent crushing plant delivery         696            696    
    Cottonseed refined                             745            745
    Cottonseed solvent                             725            725
    Groundnut oil (loose)                          1,000          1,010
    Groundnut oil refined (15 Litre)               1,670          1,680
    Sunflower oil refined                          1,000          1,010
    Linseed oil                                    950            960
    Rapeseed oil (for 15 kg)                       1,280          1,280
    Castor oil (for 15 kg)                         1,280          1,300
    Coconut KP oil (for 15 kg)                     2,350          2,400

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

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

    DHULIA
    Soyoil refined                                 742            742
  
    AURANGABAD
    Soyoil refined 
                                                742            742
    JALNA
    Soyoil refined 
                                                   744            744
    NANDED
    Soyoil refined                                 744            744
   
    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

                  Wednesday’s open       Previous Close
    Soymeal (Nagpur)                  22,500-22,800         22,800-23,200
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,500 
    Akola – 23,500, Washim – 23,500, Dhulia – 24,500, Hingoli – 23,500, 
    Jalna – 23,600, Nandurbar – 24,300, Khamgaon – 23,200, Latur – 23,500, 
    Nanded – 23,500, Parbhani – 23,300, Solapur – 23,500, Supa – n.a., 
    Dharwad – 24,300, Sangli – 24,000

WEATHER (NAGPUR)  
Maximum temp. 32.1 degree Celsius, minimum temp. 16.7 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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