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Nagpur Soybean, Soyoil, Soymeal Open- December 4, 2017
December 4, 2017 / 8:24 AM / 9 days ago

Nagpur Soybean, Soyoil, Soymeal Open- December 4, 2017

Nagpur Soybean, Soyoil, Soymeal Open-December 4

Nagpur, Dec 4 (Reuters) – Soyabean and cottonseed oil prices strengthened in Vidarbha region of
Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing
regions. Buying activity in edible oils picked up as Malaysian palm oil climbed in overseas
markets. Healthy rise on NCDEX and reported demand from South-based traders also boosted prices,
sources said Monday.

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

  * Soymeal prices today recovered here on renewed demand from South-based traders. 
         
   SOYABEAN
  * Soyabean prices today zoomed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on good demand from local crushing plants amid tight supply 
    from producing regions. Healthy rise on NCDEX, upward trend in Madhya Pradesh 
    soyabean mandi reported demand from South-based plants also boosted prices.
    About 2,000 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    25,000-29,600       24,300-29,000         --
    (Available price)
    Market delivery    25,100-29,700       24,400-29,100          --
    (Traders price)
    Plant delivery     30,100-30,600       28,900-30,400          --

    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               24,200-28,700
    Amravati               1,000               24,000-28,900 
    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 – 30,700, Hingoli – 31,200, 
    Jalna – 29,800, Koosnoor – 31,000, Malkapur – 28,400, Latur – 31,000, 
    Nanded – 31,000, Solapur – 31,000, 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            6,500              1,722-2,155      1,800-2,120
    Cotton            2,500              4,300-4,600      4,250

                                                                        
        NAGPUR
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         754            750
    Soyoil solvent crushing plant delivery         714            710    
    Cottonseed refined                             760            755
    Cottonseed solvent                             740            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)                       1,290          1,280
    Castor oil (for 15 kg)                         1,520          1,520
    Coconut KP oil (for 15 kg)                     3,050          3,050

    AMRAVATI
    Soyoil refined                                 754            752
    Soyoil Solvent                                 714            712
    Cottonseed refined                             760            755
    Cottonseed solvent                             740            735

    AKOLA
    Soyoil refined                                 754            752
    Soyoil Solvent                                 714            712        
    Cottonseed refined oil                         760          755 
    Cottonseed solvent                             740            735

    DHULIA
    Soyoil refined                                 756            752
  
    AURANGABAD
    Soyoil refined 
                                                760            757
    JALNA
    Soyoil refined 
                                                   756            752
    NANDED
    Soyoil refined                                 735            729
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 758, 
    Baramati – 762, Latur - 757, Parbhani – 758, Koosnoor – 759, Solapur – 754, 
    Sangli – 755.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  22,700-23,200       22,500-23,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 22,700 
    Akola – 22,900, Washim – 22,900, Dhulia – 23,600, 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 – 24,000

WEATHER (NAGPUR)  
Maximum temp. 29.0 degree Celsius, minimum temp. 10.3 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 29 and 10 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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