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Nagpur Soybean, Soyoil, Soymeal Open-February 22,2017
February 22, 2017 / 7:53 AM / 9 months ago

Nagpur Soybean, Soyoil, Soymeal Open-February 22,2017

Nagpur Soybean, Soyoil, Soymeal Open-February 22 

Nagpur, Feb 22 (Reuters) – Soyabean & sunflower refined oil in edible section and rapeseed oil
in non-edible section dipped up at the Vidarbha region of Western Maharashtra today on
considerable fall in demand at prevailing levels, amid weak trends in overseas markets.
Sentiment turned weak as Malaysian palm oil and American soya digam reported weak. 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

  * Cottonseed, groundnut loose, groundnut refined, linseed, castor and coconut KP oil 
    today ruled steady here thin trading activity.
 
  * Traders expect further fall in soyabean oil here.
    
   SOYMEAL

   * Soymeal prices today reported higher here on good buying support from South-based
     traders amid weak supply from local crushing plants. 
         
   SOYABEAN
   * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing Committee 
     (APMC) on increased demand from local crushing plants. Fresh rise in soymeal, good 
     recovery on NCDEX, upward trend in Madhya Pradesh soyabean prices and reported 
     demand from South-based plants also helped to push up prices.
     About 1,000 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    25,000-27,200       24,800-27,000         --
    (Available price)
    Market delivery    25,100-27,300       24,900-27,100          --
    (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                  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 – 28,600, Dhulia – 29,600, Hingoli – 29,600, 
    Jalna – 29,200, Koosnoor – 30,300, Malkapur – 30,000, Latur – 29,000, 
    Nanded – 28,300, Solapur – 29,300, Sangli – 29,800.
        
    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            500             2,000-2,300         2,250-2,371
    Cotton            202           5,200-5,425              5,315-5,600

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Wednesday open   Previous close   
   
    Soyoil refined crushing plant delivery         715            720
    Soyoil solvent crushing plant delivery         675            680    
    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                          930            950
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,230          1,250
    Castor oil (for 15 kg)                         1,280          1,280
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 714            721
    Soyoil Solvent                                 674            679
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720

    AKOLA
    Soyoil refined                                 714            721
    Soyoil Solvent                                 674            680        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             720            720

    DHULIA
    Soyoil refined                                 719            725
  
    AURANGABAD
    Soyoil refined 
                                                720            726
    JALNA
    Soyoil refined 
                                                   722            727
    NANDED
    Soyoil refined                                 721            724
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 722, 
    Baramati – 722, Latur - 723, Nanded – 721, Parbhani – 722,
    Koosnoor – 723, Solapur – 723, Supa – 721, Sangli – 724.
                                     
Nagpur soymeal prices in rupees per tonne

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

WEATHER (NAGPUR)  
Maximum temp. 37.8 degree Celsius, minimum temp. 15.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 37 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.)


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