August 18, 2017 / 8:26 AM / in 3 months

Nagpur Soybean, Soyoil, Soymeal Open- August 18, 2017

Nagpur Soybean, Soyoil, Soymeal Open-August 18

Nagpur, Aug 18 (Reuters) – Soyabean and cottonseed oil prices rose up in Vidarbha region of
Western Maharashtra on fresh buying by Vansaspati millers for the festival season amid a firming
global trend. Sentiment also improved after as Malaysian palm oil and American soya digam
recovered smartly. Healthy rise on NCDEX and fresh hike in Madhya Pradesh soyabeal oil prices
also fuelled prices, according to sources.




                       *****
VIDARBHA MARKETS
OILS

  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed, Castor and 
    Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further rise in Soyabean and Cottonseed oils here.
    
   SOYMEAL

   * Soymeal prices today shot up again here on good demand from South-based 
     Traders amid weak supply local crushing plants. Fresh rise in overseas soymeal 
     prices also boosted sentiment.
         
   SOYABEAN
   * Soyabean prices zoomed up in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on good demand from local crushing plants amid weak supply 
     from producing regions. No rains since last fifteen days which activated stockists, 
     healthy rise in soymeal, good recovery in Madhya Pradesh soyabean prices and 
     repeated enquiries from South-based plants also jacked up to push up prices. 
     About 300 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    26,000-29,500       26,000-29,000         --
    (Available price)
    Market delivery    26,100-29,600       26,100-29,100          --
    (Traders price)
    Plant delivery     30,200-30,700       30,200-30,500          --

    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                  100               26,500-28,700
    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 - 29,900, Washim – 29,900, Dhulia – 30,600, Hingoli – 31,800, 
    Jalna – 30,100, Koosnoor – 30,000, Malkapur – 30,500, Latur – 32,000, 
    Nanded – 32,000, Solapur – 32,000, Sangli – 31,500.
        
    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.           4,300-4,600
    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
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         706            703
    Soyoil solvent crushing plant delivery         666            664    
    Cottonseed refined                             700            697
    Cottonseed solvent                             679            675
    Groundnut oil (loose)                          1,095          1,090
    Groundnut oil refined (15 Litre)               1,690          1,690
    Sunflower oil refined                          740            740
    Linseed oil                                    770            770
    Rapeseed oil (for 15 kg)                       1,140          1,140
    Castor oil (for 15 kg)                         1,590          1,590
    Coconut KP oil (for 15 kg)                     2,550          2,550

    AMRAVATI
    Soyoil refined                                 705            702
    Soyoil Solvent                                 665            660
    Cottonseed refined                             700            690
    Cottonseed solvent                             680            670

    AKOLA
    Soyoil refined                                 705            700
    Soyoil Solvent                                 665            660        
    Cottonseed refined oil                         700          690 
    Cottonseed solvent                             680            680

    DHULIA
    Soyoil refined                                 712            710
  
    AURANGABAD
    Soyoil refined 
                                                713            708
    JALNA
    Soyoil refined 
                                                   713            710
    NANDED
    Soyoil refined                                 713            711
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 712, 
    Baramati – 712, Latur - 712, Nanded – 711, Parbhani – 715,
    Koosnoor – 713, Solapur – 715, Sangli – 714.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’s open     Previous Close
    Soymeal (Nagpur)                  26,000-26,500      25,500-26,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 26,600 
    Akola – 26,200, Washim – 26,300, Dhulia – 27,000, Hingoli – 27,000, 
    Jalna – 26,900, Nandurbar – 27,000, Khamgaon – 26,800, Latur – 26,900, 
    Nanded – 26,900, Parbhani – 26,800, Solapur – 27,000, Supa – n.a., 
    Dharwad – 27,300, Sangli – 27,300

WEATHER (NAGPUR)  
Maximum temp. 33.0 degree Celsius, minimum temp. 25.1 degree Celsius 
Rainfall : 2.5 mm
FORECAST: Partly cloudy sky with one or two spells or rains or thunder-showers likely. Maximum
and minimum temperature would be around and 31 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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