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Nagpur Soybean, Soyoil, Soymeal Open- August 29, 2017
August 29, 2017 / 9:09 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- August 29, 2017

Nagpur Soybean, Soyoil, Soymeal Open-August 29

Nagpur, Aug 29 (Reuters) – In range-bound trade, Soyabean and Groundnut oil prices declined
sharply at the Vidarbha region of Western Maharashtra on subdued demand at prevailing levels
amid weak trend in overseas markets. Sentiment turned bearish after American soya digam and
Malaysian palm oil fell notably. Easy condition in Madhya Pradesh Soyabean oil prices also
affected sentiment, sources said Tuesday.

                       *****
VIDARBHA MARKETS
OILS

  * Cottonseed, Sunflower refined, Linseed, Castor and Coconut KP oil ruled steady here
    in sluggish trading activity. 
  * Traders expect downward trend in Soyabean oil here because of weak trend on NCDEX.
    
   SOYMEAL

   * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
   * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on poor demand from local crushing plants amid high moisture 
     content arrival. Weak trend in Soyabean oil since last three days, no takers to 
     soymeal and downward trend in Madhya Pradesh soyabean prices also affected sentiment. 
     About 500 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    27,000-30,500       27,400-30,500         --
    (Available price)
    Market delivery    27,100-30,600       27,500-30,600          --
    (Traders price)
    Plant delivery     30,300-30,750       30,300-30,750          --

    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               27,000-30,500
    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 - 30,500, Washim – 30,900, Dhulia – 32,400, Hingoli – 33,100, 
    Jalna – 31,800, Koosnoor – 31,800, Malkapur – 31,900, Latur – 32,400, 
    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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         702            704
    Soyoil solvent crushing plant delivery         662            664    
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695
    Groundnut oil (loose)                          1,070          1,090
    Groundnut oil refined (15 Litre)               1,670          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)                         1,600          1,590
    Coconut KP oil (for 15 kg)                     2,550          2,550

    AMRAVATI
    Soyoil refined                                 696            698
    Soyoil Solvent                                 656            658
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 697            699
    Soyoil Solvent                                 657            659        
    Cottonseed refined oil                         715          715 
    Cottonseed solvent                             695            695

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

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

WEATHER (NAGPUR)  
Maximum temp. 33.3 degree Celsius, minimum temp. 24.4 degree Celsius 
Rainfall : 100 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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