February 20, 2017 / 8:46 AM / 9 months ago

Nagpur Soybean, Soyoil, Soymeal Open-February 20,2017

Nagpur Soybean, Soyoil, Soymeal Open-February 20 

Nagpur, Feb 20 (Reuters) – Barring a fall in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled soyabean oil prices down. Easy condition in Madhya Pradesh soyabean oil
also affected sentiment, sources said Monday.

                       *****    

VIDARBHA MARKETS
OILS

  * Cottonseed, groundnut loose, groundnut refined, susnflower refined, linseed, rapeseed,
    castor and coconut KP oil today ruled steady here sluggish trading activity.
 
  * Traders expect weak trend in soyabean oil because of good overseas supply.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on poor demand from South-based traders amid 
     ample stock in ready position. 
         
   SOYABEAN
   * Soyabean prices moved down in Nagpur Agriculture Produce Marketing Committee 
     (APMC) on poor buying support from local crushing plants. No takers to soymeal, easy 
     condition in Madhya Pradesh soyabean prices and high moisture content arrival also 
     pulled down prices.
     About 900 soyabean bags 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    25,500-27,300       25,500-27,700         --
    (Available price)
    Market delivery    25,600-27,400       25,100-27,300          --
    (Traders price)
    Plant delivery     28,300-29,200       28,300-29,200          --

    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               25,200-27,200
    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 -29,600, Washim – 28,600, Dhulia – 29,300, Hingoli – 29,000, 
    Jalna – 29,200, Koosnoor – 30,300, Malkapur – 30,000, Latur – 29,000, 
    Nanded – 28,300, Solapur – 29,100, 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), 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            n.a.                n.a.             2,250-2,371
    Cotton            80           5,315-5,600              5,375-5,600

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Monday open   Previous close   
   
    Soyoil refined crushing plant delivery         724            726
    Soyoil solvent crushing plant delivery         684            686    
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720
    Groundnut oil (loose)                          990            990
    Groundnut oil refined (15 Litre)               1,660          1,660
    Sunflower oil refined                          950            950
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,250          1,250
    Castor oil (for 15 kg)                         1,280          1,280
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 722            725
    Soyoil Solvent                                 682            684
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720

    AKOLA
    Soyoil refined                                 722            724
    Soyoil Solvent                                 682            685        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             720            720

    DHULIA
    Soyoil refined                                 729            732
  
    AURANGABAD
    Soyoil refined 
                                                730            732
    JALNA
    Soyoil refined 
                                                   732            737
    NANDED
    Soyoil refined                                 731            734
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 732, 
    Baramati – 732, Latur - 733, Nanded – 731, Parbhani – 732,
    Koosnoor – 733, Solapur – 733, Supa – 731, Sangli – 734.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open       Previous Close
    Soymeal (Nagpur)                  22,500-23,000         22,500-23,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,500 
    Akola – 23,100, Washim – 23,300, Dhulia – 24,000, Hingoli – 23,300, 
    Jalna – 23,200, Nandurbar – 23,300, Khamgaon – 23,000, Latur – 23,400, 
    Nanded – 23,000, Parbhani – 23,200, Solapur – 23,400, Supa – n.a., 
    Dharwad – 23,800, Sangli – 24,000

WEATHER (NAGPUR)  
Maximum temp. 35.8 degree Celsius, minimum temp. 14.6 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 35 and 15 degree
Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)


ATTN : Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil market in Vidarbha will
be closed tomorrow, Tuesday on Nagpur Municipal elections.

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