February 12, 2018 / 8:19 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- February 12, 2018

Nagpur Soybean, Soyoil, Soymeal Open-February 12, 2018

Nagpur, Feb 12 (Reuters) – Barring a rise in Soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Notable rise in demand from millers and retailers against
inadequate stocks mainly pushed Soyabean oil prices up. Strong rally on international edible oil
market also boosted sentiment, sources said Monday.

.

                       *****
VIDARBHA MARKETS
OILS

  * 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 ruled steady here but demand was poor. 
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on good demand from local crushing plants amid tight 
    supply from producing regions because of rains in parts of the region. Healthy hike 
    in Soyabean oil, fresh rise in Madhya Pradesh soyabean prices and reported demand 
    from South-based plants also jacked up prices.
    About 600 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    33,000-36,800       33,000-36,200         --
    (Available price)
    Market delivery    33,100-36,900       33,100-36,300          --
    (Traders price)
    Plant delivery     38,500-39,000       38,500-39,000          --

    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               33,500-36,800
    Amravati               1,000               33,000-36,400 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            34,000-36,300 
    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 – 38,800, Washim – 39,000, Khamgaon – 39,200, Dhulia – 40,000, 
    Hingoli – 40,500, Jalna – 39,000, Nandurbar – 39,200, 
    Latur – 40,300, Nanded – 39,200, Solapur – 40,200, Sangli – 40,200.
        
    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.             1,100-1,300
    Dhan                  2,800        2,100-2,441         2,000-2,400
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         771            767
    Soyoil solvent crushing plant delivery         731            728    
    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)                     3,370          3,370

    AMRAVATI
    Soyoil refined                                 769            766
    Soyoil Solvent                                 729            727
    Cottonseed refined                             755            755
    Cottonseed solvent                             735            700

    AKOLA
    Soyoil refined                                 769            765
    Soyoil Solvent                                 729            725        
    Cottonseed refined oil                         755          735 
    Cottonseed solvent                             735            735

    DHULIA
    Soyoil refined                                 765            763
  
    AURANGABAD
    Soyoil refined 
                                                767            763
    JALNA
    Soyoil refined 
                                                   765            762
    NANDED
    Soyoil refined                                 755            751
   
    Soyoil refined prices at other places in Maharashtra : Latur - 756, 
    Parbhani – 768, Koosnoor – 768, Solapur – 772, Sangli – 775.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  32,500-33,000       32,500-33,000
      
    Soymeal prices at other places in Maharashtra : Akola – 32,500, 
    Washim – 32,800, Dhulia – 35,000, Hingoli – 32,200, Jalna – 33,500,
    Nandurbar – 35,000, Khamgaon – 33,800, Latur – 33,600, Nanded – 33,400,
    Parbhani – 33,000, Solapur – 33,000, Dharwad – 34,600, Sangli – 33,600

WEATHER (NAGPUR)  
Maximum temp. 26.0 degree Celsius, minimum temp. 16.5 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with one or two spells or rains or thunder-showers. Maximum and
minimum temperature would be around and 28 and 15 degree Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.

ATTN : Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil market in Vidarbha will
be closed tomorrow, Tuesday, on the occasion of Mahashivratri.

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