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Nagpur Soybean, Soyoil, Soymeal Open- August 24, 2017
August 24, 2017 / 7:59 AM / 3 months ago

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

Nagpur Soybean, Soyoil, Soymeal Open-August 24

Nagpur, Aug 24 (Reuters) – Select edible and non-edible oil prices today strengthened in
Vidarbha region of Western Maharashtra on increased offtake by vanaspati millers amid a firming
global trend. Buying activity in edible oils picked up as Malaysian palm oil and American soya
digam climbed in overseas markets. Notable rise on NCDEX, upward trend in Madhya Pradesh oil and
reported demand from South-based traders also boosted prices, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS

  * Soyabean, Cottonseed oil edible section and Linseed & Rapeseed oil in non-edible 
    section today reported strong on increased seasonal demand from local traders amid 
    weak supply from producing regions.
  * Groundnut loose, Groundnut refined, Sunflower refined, Castor and Coconut KP oil 
    ruled steady here in sluggish trading activity. 
  * Traders expect upward trend in Soyabean and Cottonseed oil prices.
    
   SOYMEAL

   * Soymeal prices today recovered further on good buying support from South-based 
     traders amid thin supply from crushing plants.
         
   SOYABEAN
   * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on increased seasonal demand from local crushing plants amid weak 
     supply from producing regions. Further rise in Soyabean oil soymeal, healthy 
     recovery on NCDEX, upward trend in Madhya Pradesh soyabean prices and reported 
     demand from South-based plants also boosted prices. 
     About 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    27,500-30,200       26,900-30,200         --
    (Available price)
    Market delivery    27,600-30,300       27,000-30,100          --
    (Traders price)
    Plant delivery     30,700-31,200       30,500-30,900          --

    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                  200               27,200-29,800
    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 - 30,900, Washim – 30,900, Dhulia – 32,200, Hingoli – 32,800, 
    Jalna – 31,800, Koosnoor – 30,000, Malkapur – 31,500, Latur – 32,700, 
    Nanded – 32,900, Solapur – 32,800, 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
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         707            703
    Soyoil solvent crushing plant delivery         667            665    
    Cottonseed refined                             715            710
    Cottonseed solvent                             695            690
    Groundnut oil (loose)                          1,090          1,090
    Groundnut oil refined (15 Litre)               1,690          1,690
    Sunflower oil refined                          750            750
    Linseed oil                                    770            760
    Rapeseed oil (for 15 kg)                       1,180          1,160
    Castor oil (for 15 kg)                         1,590          1,590
    Coconut KP oil (for 15 kg)                     2,550          2,550

    AMRAVATI
    Soyoil refined                                 702            699
    Soyoil Solvent                                 662            658
    Cottonseed refined                             715            710
    Cottonseed solvent                             695            690

    AKOLA
    Soyoil refined                                 703            700
    Soyoil Solvent                                 662            658        
    Cottonseed refined oil                         715          710 
    Cottonseed solvent                             695            690

    DHULIA
    Soyoil refined                                 716            712
  
    AURANGABAD
    Soyoil refined 
                                                713            710
    JALNA
    Soyoil refined 
                                                   713            710
    NANDED
    Soyoil refined                                 714            712
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 716, 
    Baramati – 714, Latur - 711, Nanded – 711, Parbhani – 715,
    Koosnoor – 714, Solapur – 712, Sangli – 715.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open     Previous Close
    Soymeal (Nagpur)                  26,600-27,100        26,400-26,800
      
    Soymeal prices at other places in Maharashtra : Adilabad – 27,200 
    Akola – 27,000, Washim – 26,800, Dhulia – 28,500, Hingoli – 27,200, 
    Jalna – 27,000, Nandurbar – 27,800, Khamgaon – 27,000, Latur – 28,500, 
    Nanded – 27,500, Parbhani – 27,500, Solapur – 28,400, Supa – n.a., 
    Dharwad – 27,600, Sangli – 28,000

WEATHER (NAGPUR)  
Maximum temp. 32.4 degree Celsius, minimum temp. 24.7 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with possibility of heavy rains or thunder-showers. Maximum and
minimum temperature would be around and 33 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.

ATTN : Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil market in Vidarbha will
be closed tomorrow, Friday, on the occasion of Ganesh Chaturthi.

            *    *     *    *    *    *

  

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