December 18, 2017 / 8:51 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- December 18, 2017

Nagpur Soybean, Soyoil, Soymeal Open-December 18

Nagpur, Dec 18 (Reuters) – Linseed and Rapeseed oil in non-edible section today declined in
Vidarbha region of Western Maharashtra on stockists selling amid good supply from producing
regions. Profit-taking selling by stockists at higher also affected prices. Trading activity in
other edible oils reported weak as no trader was in mood for any commitment because of fresh
fall in Malaysian palm oil, sources said Monday.


                       *****
VIDARBHA MARKETS
OILS
  
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower,
    Castor and coconut KP oil ruled steady here in limited deals. 
  * Traders expect further fall in Linseed and Rapeseed oils.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor. 
         
   SOYABEAN
  * Soyabean prices today moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on lack of demand from local crushing plants amid high moisture 
    content arrival. No takers to soyabean oil & soymeal, easy condition on NCDEX and 
    fresh fall in Madhya Pradesh soyabean prices also affected sentiment.
    About 1,500 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    25,000-29,000       25,500-29,100         --
    (Available price)
    Market delivery    25,100-29,100       25,600-29,200          --
    (Traders price)
    Plant delivery     30,600-31,200       30,600-31,200          --

    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               25,200-28,700
    Amravati               1,000               25,000-29,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            25,000-29,400 
    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 – 30,000, Washim – 30,000, Dhulia – 30,900, Hingoli – 31,700, 
    Jalna – 30,200, Koosnoor – 31,300, Malkapur – 29,400, Latur – 30,700, 
    Nanded – 31,300, Solapur – 30,400, Sangli – 31,250.
        
    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            12,000              1,900-2,552      1,900-2,400
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         743            743
    Soyoil solvent crushing plant delivery         703            706    
    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            800
    Rapeseed oil (for 15 kg)                       1,290          1,290
    Castor oil (for 15 kg)                         1,520          1,550
    Coconut KP oil (for 15 kg)                     3,370          3,370

    AMRAVATI
    Soyoil refined                                 737            737
    Soyoil Solvent                                 697            697
    Cottonseed refined                             760            760
    Cottonseed solvent                             740            740

    AKOLA
    Soyoil refined                                 739            739
    Soyoil Solvent                                 698            698        
    Cottonseed refined oil                         755          755 
    Cottonseed solvent                             735            735

    DHULIA
    Soyoil refined                                 738            738
  
    AURANGABAD
    Soyoil refined 
                                                744            744
    JALNA
    Soyoil refined 
                                                   744            744
    NANDED
    Soyoil refined                                 728            728
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 747, 
    Baramati – 747, Latur - 743, Parbhani – 746, Koosnoor – 750, Solapur – 743, 
    Sangli – 746.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  23,000-23,500       23,000-23,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 23,700 
    Akola – 23,000, Washim – 23,600, Dhulia – 24,800, Hingoli – 24,100, 
    Jalna – 22,900, Nandurbar – 24,200, Khamgaon – 23,500, Latur – 24,000, 
    Nanded – 23,000, Parbhani – 22,700, Solapur – 24,500, Supa – n.a., 
    Dharwad – 24,000, Sangli – 24,500

WEATHER (NAGPUR)  
Maximum temp. 29.0 degree Celsius, minimum temp. 11.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 29 and 11 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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