February 24, 2017 / 7:55 AM / 10 months ago

Nagpur Soybean, Soyoil, Soymeal Open-February 24,2017

Nagpur Soybean, Soyoil, Soymeal Open-February 24 

Nagpur, Feb 24 (Reuters) – In range-bound trade, major edible oil prices remained unchanged at
the Vidarbha region of Western Maharashtra today in the absence of worthwhile activity because
of closure of major oil market on the occasion of Mahashivratri. Arrivals and offtake too
remained at a low ebb and volume of business poor. Poor of demand from millers mainly kept major
oil prices unchanged. No trader was in mood for any commitment, adopting `wait and watch’ move,
according to sources. 


                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil today ruled steady here sluggish trading activity.
 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

   * Soymeal prices today quoted static here but demand was poor. 
         
   SOYABEAN
   * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor buying support from local crushing plants amid good supply 
     from producing belts. No takers to soyabean oil & soymeal, downward trend in Madhya 
     Pradesh soyabean prices and poor quality arrival also affected prices.
     About 500 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    25,000-27,000       25,300-27,400         --
    (Available price)
    Market delivery    25,100-27,100       25,400-27,500          --
    (Traders price)
    Plant delivery     28,000-29,000       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                  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 -29,300, Washim – 28,000, Dhulia – 29,600, Hingoli – 29,300, 
    Jalna – 27,200, Koosnoor – 30,300, Malkapur – 29,000, Latur – 29,000, 
    Nanded – 28,300, Solapur – 29,300, 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            100            2,211-2,500          2,200-2,300
    Cotton            n.a.              n.a.              5,000-6,000

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Friday open   Previous close   
   
    Soyoil refined crushing plant delivery         710            710
    Soyoil solvent crushing plant delivery         670            670    
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720
    Groundnut oil (loose)                          980            980
    Groundnut oil refined (15 Litre)               1,640          1,640
    Sunflower oil refined                          900            930
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,230          1,230
    Castor oil (for 15 kg)                         1,280          1,280
    Coconut KP oil (for 15 kg)                     2,350          2,350

    AMRAVATI
    Soyoil refined                                 709            709
    Soyoil Solvent                                 668            668
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720

    AKOLA
    Soyoil refined                                 710            710
    Soyoil Solvent                                 670            670        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             720            720

    DHULIA
    Soyoil refined                                 714            714
  
    AURANGABAD
    Soyoil refined 
                                                715            715
    JALNA
    Soyoil refined 
                                                   717            717
    NANDED
    Soyoil refined                                 717            717
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 717, 
    Baramati – 717, Latur - 719, Nanded – 718, Parbhani – 717,
    Koosnoor – 719, Solapur – 718, Supa – 717, Sangli – 720.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’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 – 23,200, 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 – 23,500, Solapur – 23,500, Supa – n.a., 
    Dharwad – 23,600, Sangli – 23,700

WEATHER (NAGPUR)  
Maximum temp. 35.9 degree Celsius, minimum temp. 15.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 35 and 16 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 auctions of Nagpur APMC and oil market in Vidarbha
will be closed tomorrow, Saturday, on the occasion of Mahashivratri Parna.

            *    *     *    *    *    *




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