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Nagpur Soybean, Soyoil, Soymeal Open- August 21, 2017
August 21, 2017 / 8:31 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- August 21, 2017

Nagpur Soybean, Soyoil, Soymeal Open-August 21

Nagpur, Aug 21 (Reuters) – Prices of selected edible oil firmed up in Vidarbha region on Western
Maharashtra due to stockists festival demand and in view of good rise in American soya digam and
Malaysian palm oil prices. Short supply from local crushing plants and upward trend on Madhya
Pradesh oil market also helped to push up prices. Reported demand from South and North-based
traders also pushed up prices, sources said Monday.

                       *****
VIDARBHA MARKETS
OILS

  * Soyabean, Cottonseed and Sunflower oil prices today strengthened here on renewed 
    festival season demand from local traders. Fresh rise on NCDEX also boosted sentiment.
  
  * Groundnut loose, Groundnut refined, Linseed, 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 registered a good rise here on good demand from South-based 
     traders. Fresh rise in international soymeal prices also boosted sentiment.
         
                                                                        
Oil prices in rupees per 10 kilograms:

    NAGPUR
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         700            695
    Soyoil solvent crushing plant delivery         660            655    
    Cottonseed refined                             705            700
    Cottonseed solvent                             685            680
    Groundnut oil (loose)                          1,090          1,090
    Groundnut oil refined (15 Litre)               1,690          1,690
    Sunflower oil refined                          750            740
    Linseed oil                                    760            760
    Rapeseed oil (for 15 kg)                       1,160          1,160
    Castor oil (for 15 kg)                         1,590          1,590
    Coconut KP oil (for 15 kg)                     2,550          2,550

    AMRAVATI
    Soyoil refined                                 700            694
    Soyoil Solvent                                 660            654
    Cottonseed refined                             705            700
    Cottonseed solvent                             685            680

    AKOLA
    Soyoil refined                                 700            694
    Soyoil Solvent                                 660            655        
    Cottonseed refined oil                         705          700 
    Cottonseed solvent                             685            680

    DHULIA
    Soyoil refined                                 712            709
  
    AURANGABAD
    Soyoil refined 
                                                708            703
    JALNA
    Soyoil refined 
                                                   708            705
    NANDED
    Soyoil refined                                 710            706
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 710, 
    Baramati – 708, Latur - 702, Nanded – 702, Parbhani – 709,
    Koosnoor – 708, Solapur – 705, Sangli – 709.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  26,200-26,700      26,000-26,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 26,600 
    Akola – 26,700, Washim – 26,500, Dhulia – 27,500, Hingoli – 27,200, 
    Jalna – 27,000, Nandurbar – 27,300, Khamgaon – 27,000, Latur – 27,300, 
    Nanded – 26,900, Parbhani – 26,800, Solapur – 27,500, Supa – n.a., 
    Dharwad – 27,300, Sangli – 27,500

WEATHER (NAGPUR)  
Maximum temp. 32.0 degree Celsius, minimum temp. 23.1 degree Celsius 
Rainfall : 2.3 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 23 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 and wholesale foodgrain market of Nagpur APMC remained closed today on the
occasion of two-day farmers’ festival Pola. The markets, including oil market in Vidarbha will
also be closed tomorrow for Pola festival celebration.

  

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