August 23, 2017 / 8:01 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- August 23, 2017

Nagpur Soybean, Soyoil, Soymeal Open-August 23

Nagpur, Aug 23 (Reuters) – Prices of Soyabean and Cottonseed oil firmed up again in Vidarbha
region on Western Maharashtra due to stockists buying triggered by a surge in oil prices in
global market. These edible oil was in keen demand among vanaspati millers and retailers on
account of the festive season. Notable hike on NCDEX, fresh rise in Madhya Pradesh oil prices
and reported demand from South and North-based traders also boosted prices, sources said
Wednesday

                       *****
VIDARBHA MARKETS
OILS

  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed, 
    Castor and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect further rise in Soyabean and Cottonseed oil because of good recovery 
    in Malaysian palm oil and American soya digam prices.
    
   SOYMEAL

   * Soymeal prices today recovered strongly here on renewed demand from South-based 
     traders. Healthy rise in international soymeal prices also boosted sentiment.
         
   SOYABEAN
   * Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on good demand from local crushing plants amid weak 
     supply from producing regions. Fresh rise in Soyabean oil, notable hike in soymeal, 
     upward trend in Madhya Pradesh soyabean prices and repeated enquiries from South-
     based plants also jacked up prices. 
     About 250 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    26,900-30,200       26,500-29,900         --
    (Available price)
    Market delivery    27,000-30,300       26,600-30,000          --
    (Traders price)
    Plant delivery     30,500-31,000       30,200-30,700          --

    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               26,700-29,800
    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 - 30,700, Washim – 30,700, Dhulia – 31,500, Hingoli – 32,700, 
    Jalna – 31,700, Koosnoor – 30,000, Malkapur – 31,500, Latur – 32,500, 
    Nanded – 32,700, Solapur – 32,500, Sangli – 32,500.
        
    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

                                                                        
NAGPUR
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         704            700
    Soyoil solvent crushing plant delivery         664            660    
    Cottonseed refined                             710            705
    Cottonseed solvent                             690            685
    Groundnut oil (loose)                          1,090          1,090
    Groundnut oil refined (15 Litre)               1,690          1,690
    Sunflower oil refined                          750            750
    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            696
    Soyoil Solvent                                 660            656
    Cottonseed refined                             710            705
    Cottonseed solvent                             690            685

    AKOLA
    Soyoil refined                                 700            697
    Soyoil Solvent                                 660            657        
    Cottonseed refined oil                         710          705 
    Cottonseed solvent                             690            685

    DHULIA
    Soyoil refined                                 713            709
  
    AURANGABAD
    Soyoil refined 
                                                710            706
    JALNA
    Soyoil refined 
                                                   711            707
    NANDED
    Soyoil refined                                 710            706
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 713, 
    Baramati – 711, Latur - 708, Nanded – 708, Parbhani – 713,
    Koosnoor – 711, Solapur – 709, Sangli – 713.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open     Previous Close
    Soymeal (Nagpur)                  26,500-26,900        26,200-26,700
      
    Soymeal prices at other places in Maharashtra : Adilabad – 27,200 
    Akola – 27,000, Washim – 26,800, Dhulia – 28,000, Hingoli – 27,200, 
    Jalna – 27,000, Nandurbar – 27,800, Khamgaon – 27,000, Latur – 28,300, 
    Nanded – 27,500, Parbhani – 27,500, Solapur – 27,500, Supa – n.a., 
    Dharwad – 27,600, Sangli – 28,000

WEATHER (NAGPUR)  
Maximum temp. 30.2 degree Celsius, minimum temp. 23.7 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells or rains or thunder-showers likely. Maximum
and minimum temperature would be around and 32 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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