December 28, 2017 / 9:02 AM / 24 days ago

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

Nagpur Soybean, Soyoil, Soymeal Open-December 28

Nagpur, Dec 28 (Reuters) – The rising trend in soyabean oil remained unabated for the third
straight day today in Vidarbha region of Central Maharashtra as prices rise further on increased
buying by vanaspati millers for the ongoing marriage season, amid a firm trend in producing
regions. Notable rise on NCDEX and increased demand from South-based traders also pushed up
prices, sources said Thursday.


                       *****
VIDARBHA MARKETS
OILS

  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower, Linseed and 
    Rapeseed, Castor and coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further rise in Soyabean oil.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor.
         
   SOYABEAN
  * Soyabean prices recovered further in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on increased demand from local crushing plants amid thin 
    supply from producing regions. Fresh hike on NCDEX, upward trend in Madhya Pradesh 
    soyabean prices and reported demand from South-based plants also helped to push up
    prices.
    About 1,300 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    26,000-29,650       26,000-29,400         --
    (Available price)
    Market delivery    26,100-29,750       26,100-29,500          --
    (Traders price)
    Plant delivery     30,500-31,000       30,500-31,000          --

    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                  1,000               25,900-29,300
    Amravati               1,000               25,800-29,300 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            26,000-29,200 
    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 – 30,100, Washim – 30,600, Khamgaon – 30,400, Dhulia – 31,500, 
    Hingoli – 31,600, Jalna – 31,000, Koosnoor – 31,500, Nandurbar – 31,400, 
    Latur – 31,100, Nanded – 30,800, Solapur – 31,200, Sangli – 31,500.
        
    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            n.a.             n.a.           1,850-2,515
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         743            740
    Soyoil solvent crushing plant delivery         703            700    
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          780            780
    Linseed oil                                    790            790
    Rapeseed oil (for 15 kg)                       1,290          1,290
    Castor oil (for 15 kg)                         1,550          1,550
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 736            736
    Soyoil Solvent                                 696            694
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720

    AKOLA
    Soyoil refined                                 737            735
    Soyoil Solvent                                 696            695        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             720            720

    DHULIA
    Soyoil refined                                 744            740
  
    AURANGABAD
    Soyoil refined 
                                                742            739
    JALNA
    Soyoil refined 
                                                   742            740
    NANDED
    Soyoil refined                                 739            736
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 743, 
    Baramati – 743, Latur - 743, Parbhani – 744, Koosnoor – 745, Solapur – 743, 
    Sangli – 744.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open     Previous Close
    Soymeal (Nagpur)                  23,500-24,000      23,500-24,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 24,700 
    Akola – 24,000, Washim – 24,300, Dhulia – 24,600, Hingoli – 24,500, 
    Jalna – 24,500, Nandurbar – 24,300, Khamgaon – 23,300, Latur – 24,800, 
    Nanded – 24,600, Parbhani – 22,700, Solapur – 24,700, Supa – n.a., 
    Dharwad – 25,300, Sangli – 24,800

WEATHER (NAGPUR)  
Maximum temp. 29.5 degree Celsius, minimum temp. 8.4 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 29 and 08 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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