February 23, 2018 / 7:58 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- February 23, 2018

Nagpur Soybean, Soyoil, Soymeal Open-February 23, 2018

Nagpur, Feb 23 (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 and American soya digam
climbed in overseas markets. Healthy rise on NCDEX and reported demand from South-based traders
also boosted prices, sources said Wednesday.


                       *****
VIDARBHA MARKETS
OILS

  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed, Castor and  
    Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further rise in Soyabean and Cottonseed oil 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 increased demand from local crushing plants amid 
    weak supply from producing regions. Upward trend on NCDEX, fresh rise in Madhya 
    Pradesh soyabean prices and repeated enquiries from South-based plants also helped to 
    push up 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    34,000-36,800       33,600-36,800         --
    (Available price)
    Market delivery    34,100-36,900       33,700-36,900          --
    (Traders price)
    Plant delivery     38,800-39,300       38,800-39,300          --

    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               33,500-36,600
    Amravati               1,000               32,700-37,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            33,700-36,500 
    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 – 39,200, Washim – 38,000, Khamgaon – 39,200, Dhulia – 39,000, 
    Hingoli – 38,800, Jalna – 38,800, Nandurbar – 39,000, 
    Latur – 38,800, Nanded – 38,800, Solapur – 39,000, 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         783            778
    Soyoil solvent crushing plant delivery         743            739    
    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                          800            800
    Linseed oil                                    840            840
    Rapeseed oil (for 15 kg)                       1,270          1,270
    Castor oil (for 15 kg)                         1,520          1,520
    Coconut KP oil (for 15 kg)                     3,470          3,470

    AMRAVATI
    Soyoil refined                                 773            768
    Soyoil Solvent                                 733            729
    Cottonseed refined                             750            745
    Cottonseed solvent                             730            725

    AKOLA
    Soyoil refined                                 774            770
    Soyoil Solvent                                 734            729        
    Cottonseed refined oil                         756          750 
    Cottonseed solvent                             730            725

    DHULIA
    Soyoil refined                                 785            778
  
    AURANGABAD
    Soyoil refined 
                                                779            776
    JALNA
    Soyoil refined 
                                                   786            779
    NANDED
    Soyoil refined                                 771            767
   
    Soyoil refined prices at other places in Maharashtra : Latur - 771, 
    Parbhani – 780, Koosnoor – 780, Solapur – 771, Sangli – 785.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’s open     Previous Close
    Soymeal (Nagpur)                  32,000-32,500       32,000-32,500
      
    Soymeal prices at other places in Maharashtra : Akola – 31,800, 
    Washim – 32,700, Dhulia – 33,000, Hingoli – 33,500, Jalna – 34,500,
    Nandurbar – 32,800, Khamgaon – 31,400, Latur – 35,000, Nanded – 33,400,
    Parbhani – 33,000, Solapur – 33,300, Dharwad – 34,000, Sangli – 34,500

WEATHER (NAGPUR)  
Maximum temp. 34.8 degree Celsius, minimum temp. 16.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 35 and 16 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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