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Nagpur Soybean, Soyoil, Soymeal Open- August 31, 2017
August 31, 2017 / 8:20 AM / 24 days ago

Nagpur Soybean, Soyoil, Soymeal Open- August 31, 2017

Nagpur Soybean, Soyoil, Soymeal Open-August 31

Nagpur, Aug 31 (Reuters) – Barring a fall in Linseed oil in non-edible section, 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 Linseed oil prices down. Trading activity in major edible and
non-edible oils reported weak as no trader was in mood for any commitment because of good
recovery in American soya digam prices, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS

  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, 
    Castor and Coconut KP oil ruled steady here in limited deals. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

   * Soymeal prices today moved down here on poor demand from South-based traders. Easy 
     condition in international soymeal prices also affected sentiment.
         
   SOYABEAN
   * Soyabean prices recovered in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on good demand from local crushing plants. Notable rise in Madhya 
     Pradesh soyabean prices and reported demand from South-based plants also helped to 
     push up prices. 
     About 600 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    27,500-30,500       27,200-30,500         --
    (Available price)
    Market delivery    27,600-30,600       27,300-30,600          --
    (Traders price)
    Plant delivery     30,000-31,250       30,000-31,000          --

    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               27,100-30,200
    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
                              
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         702            702
    Soyoil solvent crushing plant delivery         662            664    
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695
    Groundnut oil (loose)                          1,070          1,070
    Groundnut oil refined (15 Litre)               1,670          1,670
    Sunflower oil refined                          750            750
    Linseed oil                                    780            790
    Rapeseed oil (for 15 kg)                       1,180          1,180
    Castor oil (for 15 kg)                         1,600          1,600
    Coconut KP oil (for 15 kg)                     2,550          2,550

    AMRAVATI
    Soyoil refined                                 700            700
    Soyoil Solvent                                 660            660
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 700            700
    Soyoil Solvent                                 660            660        
    Cottonseed refined oil                         715          715 
    Cottonseed solvent                             695            695

    DHULIA
    Soyoil refined                                 710            710
  
    AURANGABAD
    Soyoil refined 
                                                707            707
    JALNA
    Soyoil refined 
                                                   708            708
    NANDED
    Soyoil refined                                 709            709
   
    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

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

WEATHER (NAGPUR)  
Maximum temp. 31.1 degree Celsius, minimum temp. 24.6 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with possibility of moderate rains. Maximum and minimum
temperature would be around and 32 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.



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