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Nagpur Soybean, Soyoil, Soymeal Open- May 24, 2017
May 24, 2017 / 8:27 AM / 7 months ago

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

Nagpur Soybean, Soyoil, Soymeal Open-May 24 

Nagpur, May 24 (Reuters) – Barring a sharp 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 on international edible oil market
and fresh fall on NCDEX also affected sentiment, sources said Wednesday.


                       *****    

VIDARBHA MARKETS
OILS

  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, rapeseed, 
    linseed, castor and coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect downward trend in soyabean oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from local traders amid 
     ample stock in ready position.
         
   SOYABEAN
   * Soyabean prices reported down in Nagpur Agriculture Produce Marketing
     Committee (APMC) on lack of demand from local crushing plants. Sharp fall in 
     soyabean oil, no takers to soymeal since last three trading sessions and easy 
     condition in Madhya Pradesh soyabean prices also helped to push up prices in thin 
     trading activity. 
     About 700 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    25,000-27,150       25,000-27,400         --
    (Available price)
    Market delivery    25,100-27,250       25,100-27,200          --
    (Traders price)
    Plant delivery     29,300-29,800       29,500-30,000          --

    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                  600               24,800-27,000
    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 -29,100, Washim – 29,000, Dhulia – 29,800, Hingoli – 29,200, 
    Jalna – 29,300, Koosnoor – 29,200, Malkapur – 29,600, Latur – 29,200, 
    Nanded – 29,500, Solapur – 29,500, Sangli – 30,100.
        
    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.           4,300-4,600
    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.           5,400-5,800 
    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
                                Wednesday open   Previous close   
   
    Soyoil refined crushing plant delivery         665            671
    Soyoil solvent crushing plant delivery         625            631    
    Cottonseed refined                             635            635
    Cottonseed solvent                             615            615
    Groundnut oil (loose)                          1,150          1,150
    Groundnut oil refined (15 Litre)               1,790          1,790
    Sunflower oil refined                          700            700
    Linseed oil                                    740            740
    Rapeseed oil (for 15 kg)                       1,140          1,140
    Castor oil (for 15 kg)                         1,550          1,550
    Coconut KP oil (for 15 kg)                     2,380          2,380

    AMRAVATI
    Soyoil refined                                 671            674
    Soyoil Solvent                                 631            634
    Cottonseed refined                             635            635
    Cottonseed solvent                             615            615

    AKOLA
    Soyoil refined                                 670            673
    Soyoil Solvent                                 630            634        
    Cottonseed refined oil                         635          635 
    Cottonseed solvent                             615            615

    DHULIA
    Soyoil refined                                 674            677
  
    AURANGABAD
    Soyoil refined 
                                                674            678
    JALNA
    Soyoil refined 
                                                   672            675
    NANDED
    Soyoil refined                                 674            680
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 672, 
    Baramati – 672, Latur - 674, Nanded – 673, Parbhani – 675,
    Koosnoor – 672, Solapur – 672, Supa – 675, Sangli – 674.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open      Previous Close
    Soymeal (Nagpur)                  24,400-24,900        24,400-24,900
      
    Soymeal prices at other places in Maharashtra : Adilabad – 25,200 
    Akola – 24,700, Washim – 25,100, Dhulia – 24,700, Hingoli – 25,200, 
    Jalna – 25,000, Nandurbar – 24,500, Khamgaon – 24,600, Latur – 24,300, 
    Nanded – 25,000, Parbhani – 24,800, Solapur – 25,200, Supa – n.a., 
    Dharwad – 25,600, Sangli – 26,000

WEATHER (NAGPUR)  
Maximum temp. 44.7 degree Celsius, minimum temp. 28.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 45 and 29
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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