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Nagpur Soybean, Soyoil, Soymeal Open- May 09, 2017
May 9, 2017 / 9:33 AM / 7 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 09, 2017

Nagpur Soybean, Soyoil, Soymeal Open-May 9 

Nagpur, May 9 (Reuters) – In range-bound trade, sunflower oil in edible section and linseed oil
in non-edible section moved down at the Vidarbha region of Western Maharashtra today largely on
reduced offtake amid weak trend in producing regions. Sentiment turned bearish because of
release of stock from stockists. Trading activity in other edible oils reported weak as no
trader was in mood for any commitment because of good recovery in overseas edible oils,
according to sources.



                       *****    

VIDARBHA MARKETS
OILS

  * Soyabean, cottonseed, groundnut loose, groundnut refined, rapeseed, castor and 
    coconut KP oil ruled steady here in thin trading activity.
  * Traders expect weak trend in linseed oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position.
         
   SOYABEAN
   * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing
     Committee (APMC) on good demand from local crushing plants amid weak supply from 
     producing regions. Fresh hike in Madhya Pradesh soyabean prices and reported demand 
     from South-based plants also jacked up prices.   
     About 850 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    25,500-28,700       25,500-28,300         --
    (Available price)
    Market delivery    25,600-28,800       25,600-28,400          --
    (Traders price)
    Plant delivery     29,200-30,200       29,200-30,200          --

    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               25,200-28,000
    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 -30,400, Washim – 30,200, Dhulia – 30,400, Hingoli – 30,500, 
    Jalna – 30,200, Koosnoor – 30,100, Malkapur – 30,400, Latur – 30,500, 
    Nanded – 30,600, Solapur – 30,800, Sangli – 31,200.
        
    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.            5,200-5,600 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,350-1,500
    Dhan            n.a.                n.a.             2,200-2,250
    Cotton            n.a.              n.a.             4,950-5,025

                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Tuesday open   Previous close   
   
    Soyoil refined crushing plant delivery         667            667
    Soyoil solvent crushing plant delivery         627            627    
    Cottonseed refined                             620            620
    Cottonseed solvent                             600            600
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,790          1,790
    Sunflower oil refined                          700            720
    Linseed oil                                    720            730
    Rapeseed oil (for 15 kg)                       1,140          1,140
    Castor oil (for 15 kg)                         1,550          1,550
    Coconut KP oil (for 15 kg)                     2,400          2,400

    AMRAVATI
    Soyoil refined                                 658            658
    Soyoil Solvent                                 618            618
    Cottonseed refined                             620            620
    Cottonseed solvent                             600            600

    AKOLA
    Soyoil refined                                 657            657
    Soyoil Solvent                                 617            617        
    Cottonseed refined oil                         620          620 
    Cottonseed solvent                             600            600

    DHULIA
    Soyoil refined                                 670            670
  
    AURANGABAD
    Soyoil refined 
                                                672            672
    JALNA
    Soyoil refined 
                                                   675            675
    NANDED
    Soyoil refined                                 675            675
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 672, 
    Baramati – 671, Latur - 675, Nanded – 673, Parbhani – 672,
    Koosnoor – 677, Solapur – 674, Supa – 675, Sangli – 677.
                                     
Nagpur soymeal prices in rupees per tonne

                  Tuesday’s open      Previous Close
    Soymeal (Nagpur)                  25,500-26,000       25,500-26,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,500 
    Akola – 25,700, Washim – 25,800, Dhulia – 26,000, Hingoli – 25,700, 
    Jalna – 25,500, Nandurbar – 25,800, Khamgaon – 24,900, Latur – 25,500, 
    Nanded – 25,700, Parbhani – 25,400, Solapur – 25,700, Supa – n.a., 
    Dharwad – 25,800, Sangli – 26,400

WEATHER (NAGPUR)  
Maximum temp. 42.6 degree Celsius, minimum temp. 24.3 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 43 and 24 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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