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Nagpur Soybean, Soyoil, Soymeal Open- August 28, 2017
August 28, 2017 / 8:14 AM / 23 days ago

Nagpur Soybean, Soyoil, Soymeal Open- August 28, 2017

Nagpur Soybean, Soyoil, Soymeal Open-August 28

Nagpur, Aug 28 (Reuters) – Barring a 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. Fresh fall on NCDEX and downward trend in Madhya
Pradesh Soyabean oil prices also affected sentiment, sources said Monday.

                       *****
VIDARBHA MARKETS
OILS

  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Castor 
    and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect easy condition in Soyabean oil prices here.
    
   SOYMEAL

   * Soymeal prices today zoomed up here on renewed demand from South-based traders amid 
     weak supply from local crushing plants.
         
   SOYABEAN
   * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on good demand from local crushing plants amid weak 
     supply from producing regions. Fresh rise in Madhya Pradesh soyabean prices and 
     reported demand from South-based plants also boosted 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    27,500-30,800       27,500-30,500         --
    (Available price)
    Market delivery    27,600-30,900       27,600-30,600          --
    (Traders price)
    Plant delivery     31,000-30,750       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                  100               27,300-30,500
    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 – 32,400, Hingoli – 33,100, 
    Jalna – 31,800, Koosnoor – 31,800, Malkapur – 31,900, Latur – 32,900, 
    Nanded – 33,000, Solapur – 33,000, 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
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         704            707
    Soyoil solvent crushing plant delivery         664            667    
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695
    Groundnut oil (loose)                          1,090          1,090
    Groundnut oil refined (15 Litre)               1,690          1,690
    Sunflower oil refined                          750            750
    Linseed oil                                    790            770
    Rapeseed oil (for 15 kg)                       1,180          1,180
    Castor oil (for 15 kg)                         1,590          1,590
    Coconut KP oil (for 15 kg)                     2,550          2,550

    AMRAVATI
    Soyoil refined                                 698            702
    Soyoil Solvent                                 658            662
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 699            703
    Soyoil Solvent                                 659            662        
    Cottonseed refined oil                         715          715 
    Cottonseed solvent                             695            695

    DHULIA
    Soyoil refined                                 712            716
  
    AURANGABAD
    Soyoil refined 
                                                709            712
    JALNA
    Soyoil refined 
                                                   710            713
    NANDED
    Soyoil refined                                 710            714
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 712, 
    Baramati – 710, Latur - 708, Nanded – 707, Parbhani – 711,
    Koosnoor – 710, Solapur – 708, Sangli – 711.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  27,500-28,000        27,100-27,600
      
    Soymeal prices at other places in Maharashtra : Adilabad – 27,700 
    Akola – 27,400, Washim – 27,300, Dhulia – 28,300, Hingoli – 27,800, 
    Jalna – 27,500, Nandurbar – 28,200, Khamgaon – 27,500, Latur – 29,000, 
    Nanded – 27,900, Parbhani – 27,900, Solapur – 28,400, Supa – n.a., 
    Dharwad – 27,900, Sangli – 28,500

WEATHER (NAGPUR)  
Maximum temp. 33.3 degree Celsius, minimum temp. 24.4 degree Celsius 
Rainfall : 9.8 mm
FORECAST: Generally cloudy sky with possibility of moderate rains. 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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