February 16, 2018 / 8:17 AM / in 6 months

Nagpur Soybean, Soyoil, Soymeal Open- February 16, 2018

Nagpur Soybean, Soyoil, Soymeal Open-February 16, 2018

Nagpur, Feb 16 (Reuters) – Soyabean oil today declined in Vidarbha region of Western Maharashtra
on stockists selling looking towards month ending, driven by higher imports amid weak global
cues. Fall in demand from millers and retailers also put pressure on soyabean oil. Besides,
sufficient stocks, sharp fall on NCDEX and easy condition in Madhya Pradesh soyabean oil also
affected sentiment in thin trading activity, sources said Friday.

                       *****
VIDARBHA MARKETS
OILS

  * Meanwhile, Linseed oil recovered further here on increased demand from local traders 
    amid tight supply from producing regions.
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further rise in Linseed oil here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here on subdued demand from local traders amid 
    ample stock in ready position. 
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on good demand from local crushing plants. Healthy rise in 
    Madhya Pradesh soyabean prices and reported demand from South-based plants also 
    pushed up prices.
    About 700 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    33,000-37,500       33,000-37,000         --
    (Available price)
    Market delivery    33,100-37,600       33,100-37,100          --
    (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               33,400-37,200
    Amravati               1,000               33,000-37,500 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            33,200-37,100 
    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 – 38,800, 
    Hingoli – 39,700, Jalna – 39,000, Nandurbar – 39,200, 
    Latur – 39,600, Nanded – 38,200, Solapur – 39,600, Sangli – 39,500.
        
    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.             1,100-1,300
    Dhan                  n.a.            n.a.             2,100-2,441
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         766            768
    Soyoil solvent crushing plant delivery         726            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                                    840            830
    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                                 761            762
    Soyoil Solvent                                 721            722
    Cottonseed refined                             755            755
    Cottonseed solvent                             735            700

    AKOLA
    Soyoil refined                                 761            763
    Soyoil Solvent                                 721            723        
    Cottonseed refined oil                         755          735 
    Cottonseed solvent                             735            735

    DHULIA
    Soyoil refined                                 760            762
  
    AURANGABAD
    Soyoil refined 
                                                761            762
    JALNA
    Soyoil refined 
                                                   760            762
    NANDED
    Soyoil refined                                 750            752
   
    Soyoil refined prices at other places in Maharashtra : Latur - 750, 
    Parbhani – 762, Koosnoor – 762, Solapur – 766, Sangli – 768.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’s open     Previous Close
    Soymeal (Nagpur)                  33,000-33,500       33,000-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 33,200, 
    Washim – 33,200, Dhulia – 33,800, Hingoli – 33,200, Jalna – 33,800,
    Nandurbar – 33,000, Khamgaon – 33,800, Latur – 35,500, Nanded – 33,400,
    Parbhani – 33,000, Solapur – 33,300, Dharwad – 36,000, Sangli – 34,200

WEATHER (NAGPUR)  
Maximum temp. 30.4 degree Celsius, minimum temp. 11.0 degree Celsius 
Rainfall : Nil
FORECAST: Clear sky. Maximum and minimum temperature would be around and 30 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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