February 1, 2018 / 9:24 AM / 7 months ago

Nagpur Soybean, Soyoil, Soymeal Open- February 01, 2018

Nagpur Soybean, Soyoil, Soymeal Open-February 1, 2018

Nagpur, Feb 1 (Reuters) – Steady condition persisted in edible oils in the Vidarbha region of
Western Maharashtra today as prices moved in a tight range in lackluster trading and settled
around previous closing. Arrivals and offtake too remained at a low ebb and business volume
remained weak. No trader was in mood for any commitment, adopting wait and watch move, sources
said Thursday.

                       *****
VIDARBHA MARKETS
OILS

  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor 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 recovered here on increased demand from South-based traders. 
         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on poor demand from local crushing plants amid high moisture 
    content arrival. Easy condition in Madhya Pradesh soyabean prices and release of 
    stock from stockists also pulled down prices.
    About 800 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    35,500-37,500       35,000-37,700         --
    (Available price)
    Market delivery    35,600-37,600       35,100-37,800          --
    (Traders price)
    Plant delivery     39,300-39,800       39,300-39,800          --

    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               35,200-37,200
    Amravati               1,000               35,000-37,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            35,200-37,000 
    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 – 39,600, Washim – 39,500, Khamgaon – 39,300, Dhulia – 39,500, 
    Hingoli – 39,700, Jalna – 39,500, Nandurbar – 38,600, 
    Latur – 39,700, Nanded – 39,700, Solapur – 39,700, Sangli – 39,800.
        
    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                  2,000-2,500
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         782            782
    Soyoil solvent crushing plant delivery         742            742    
    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                          800            800
    Linseed oil                                    820            820
    Rapeseed oil (for 15 kg)                       1,270          1,270
    Castor oil (for 15 kg)                         1,550          1,550
    Coconut KP oil (for 15 kg)                     3,400          3,400

    AMRAVATI
    Soyoil refined                                 771            771
    Soyoil Solvent                                 731            731
    Cottonseed refined                             725            720
    Cottonseed solvent                             705            700

    AKOLA
    Soyoil refined                                 772            772
    Soyoil Solvent                                 732            732        
    Cottonseed refined oil                         730          725 
    Cottonseed solvent                             710            705

    DHULIA
    Soyoil refined                                 777            777
  
    AURANGABAD
    Soyoil refined 
                                                780            780
    JALNA
    Soyoil refined 
                                                   777            777
    NANDED
    Soyoil refined                                 775            775
   
    Soyoil refined prices at other places in Maharashtra : Latur - 772, 
    Parbhani – 777, Koosnoor – 779, Solapur – 775, Sangli – 780.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open     Previous Close
    Soymeal (Nagpur)                  33,200-33,700        33,000-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 33,200, 
    Washim – 33,500, Dhulia – 34,000, Hingoli – 34,000, Jalna – 33,500,
    Nandurbar – 34,000, Khamgaon – 33,500, Latur – 34,500, Nanded – 34,500,
    Parbhani – 33,700, Solapur – 34,500, Sangli – 35,300, 
    Dharwad – 35,000, Sangli – 35,300

WEATHER (NAGPUR)  
Maximum temp. 33.9 degree Celsius, minimum temp. 10.7 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 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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