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Nagpur Soybean, Soyoil, Soymeal Open- May 12, 2017
May 12, 2017 / 9:04 AM / 7 months ago

Nagpur Soybean, Soyoil, Soymeal Open- May 12, 2017

Nagpur Soybean, Soyoil, Soymeal Open-May 12 

Nagpur, May 12 (Reuters) – Steady condition persisted in edible and non-edible oils in the
Vidarbha region of Western Maharashtra today as prices moved in a tight range in lackluster
trading ad settled around previous closing. Arrivals and offtake too remained at a low ebb and
business volume remained weak. Easy condition in Malaysian palm oil, fresh fall in Madhya
Pradesh edible oils and downward trend on NCDEX in soyabean oil also affected sentiment in thin
trading activity, sources said Friday.

                       *****    

VIDARBHA MARKETS
OILS

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

   * Soymeal prices today suffered heavily here on lack of demand from South-based 
     traders amid good supply from local crushing plants. Fresh fall in overseas soymeal 
     prices also affected sentiment.
         
   SOYABEAN
   * Soyabean prices reported down in Nagpur Agriculture Produce Marketing
     Committee (APMC) on poor buying support from local crushing plants. Sharp fall in 
     soymeal, no takers to soyabean oil since past three sessions, downward trend in 
     Madhya Pradesh soyabean prices and high moisture content arrival affected prices 
     here. 
     About 1,200 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    25,500-28,000       25,500-28,700         --
    (Available price)
    Market delivery    25,600-28,100       25,600-28,800          --
    (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 -30,200, Washim – 30,200, Dhulia – 30,400, Hingoli – 30,400, 
    Jalna – 30,200, Koosnoor – 30,100, Malkapur – 30,200, Latur – 30,100, 
    Nanded – 30,500, Solapur – 30,500, Sangli – 31,000.
        
    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
                                Friday 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            700
    Linseed oil                                    710            710
    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

                  Friday’s open      Previous Close
    Soymeal (Nagpur)                  25,000-25,500       25,500-26,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,500 
    Akola – 25,400, 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 – 25,500, Solapur – 25,700, Supa – n.a., 
    Dharwad – 26,500, Sangli – 26,400

WEATHER (NAGPUR)  
Maximum temp. 42.2 degree Celsius, minimum temp. 24.3 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 43 and 25 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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