December 1, 2017 / 8:19 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- December 1, 2017

Nagpur Soybean, Soyoil, Soymeal Open-December 1

Nagpur, Dec 1 (Reuters) – In a range-bound trading, oil market in Vidarbha in Western part of
Maharashtra remained steady today as prices moved in narrow range and settled around previous
levels. Scattered enquiries against adequate stocks position mainly kept oil prices intact. No
trader was in mood for any commitment because of weak American soya digam prices and easy
condition on NCDEX in soyabean oil, adopting wait and watch move, according to sources.


                       *****
VIDARBHA MARKETS
OILS
  
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower, Linseed, castor, 
    Rapeseed and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor in limited deals. Fresh 
    fall in American soymeal prices also affected sentiment. 
         
   SOYABEAN
  * Soyabean prices firmed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on increased seasonal demand from local crushing plants amid 
    weak supply from producing regions. Healthy rise in Madhya Pradesh soyabean prices 
    and good recovery on NCDEX also helped to push up prices.
    About 3,000 soyabean bags reported for auction in Nagpur APMC, according to sources.  

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    24,500-29,000       24,000-29,000         --
    (Available price)
    Market delivery    24,600-29,100       24,100-29,100          --
    (Traders price)
    Plant delivery     28,900-30,400       28,500-30,000          --

    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                  1,500               24,200-28,800
    Amravati               1,500               24,000-29,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            23,800-28,700 
    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 - 29,700, Washim – 29,500, Dhulia – 30,100, Hingoli – 30,700, 
    Jalna – 29,800, Koosnoor – 30,400, Malkapur – 28,400, Latur – 30,300, 
    Nanded – 30,500, Solapur – 30,000, Sangli – 28,500.
        
    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.             1,050-1,400
    Dhan            5,000              1,800-2,120      1,700-2,140
    Cotton            n.a.              n.a.             4,250

                                                                        
        NAGPUR
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         750            750
    Soyoil solvent crushing plant delivery         710            710    
    Cottonseed refined                             755            755
    Cottonseed solvent                             735            735
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          780            780
    Linseed oil                                    790            780
    Rapeseed oil (for 15 kg)                       1,280          1,280
    Castor oil (for 15 kg)                         1,520          1,520
    Coconut KP oil (for 15 kg)                     3,050          3,050

    AMRAVATI
    Soyoil refined                                 752            752
    Soyoil Solvent                                 712            712
    Cottonseed refined                             755            755
    Cottonseed solvent                             735            735

    AKOLA
    Soyoil refined                                 752            752
    Soyoil Solvent                                 712            712        
    Cottonseed refined oil                         755          755 
    Cottonseed solvent                             735            735

    DHULIA
    Soyoil refined                                 752            752
  
    AURANGABAD
    Soyoil refined 
                                                757            757
    JALNA
    Soyoil refined 
                                                   752            752
    NANDED
    Soyoil refined                                 729            729
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 754, 
    Baramati – 758, Latur - 753, Parbhani – 754, Koosnoor – 755, Solapur – 750, 
    Sangli – 752.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’s open     Previous Close
    Soymeal (Nagpur)                  22,500-23,000       22,500-23,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 22,700 
    Akola – 22,900, Washim – 22,900, Dhulia – 23,500, Hingoli – 23,500, 
    Jalna – 22,900, Nandurbar – 23,200, Khamgaon – 22,500, Latur – 23,800, 
    Nanded – 23,000, Parbhani – 22,700, Solapur – 24,000, Supa – n.a., 
    Dharwad – 24,300, Sangli – 23,600

WEATHER (NAGPUR)  
Maximum temp. 30.6 degree Celsius, minimum temp. 12.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 30 and 12 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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