February 27, 2018 / 7:56 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- February 27, 2018

Nagpur Soybean, Soyoil, Soymeal Open-February 27, 2018

Nagpur, Feb 27 (Reuters) – Soyabean oil prices today declined in Vidarbha region of Western
Maharashtra today on persistent selling by stockists amid good supply from producing regions and
weak trends in Madhya Pradesh oils. Sentiment turned bearish because of release of stock from
stockists. Trading activity in other edible reported weak as no trader was in mood for any
commitment because of good recovery in American soya digam prices, according to sources.


                       *****
VIDARBHA MARKETS
OILS

  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

  * Soymeal prices today quoted static here but demand was poor. Good recovery in 
    international soymeal prices also affected sentiment. 
         
   SOYABEAN
  * Soyabean prices firmed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on good demand from local crushing plants. Good recovery in 
    Madhya Pradesh soyabean prices, reported demand from South-based plants and weak 
    arrival from producing regions also helped to push 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    32,000-36,500       32,000-36,200         --
    (Available price)
    Market delivery    32,100-36,600       32,100-36,300          --
    (Traders price)
    Plant delivery     38,400-38,800       38,400-38,800          --

    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             500                   32,500-36,700
    Akola                  1,000               33,000-36,500
    Amravati               1,000               33,000-36,500 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            32,800-36,300 
    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 – 38,500, Washim – 37,500, Khamgaon – 38,800, Dhulia – 38,000, 
    Hingoli – 38,700, Jalna – 38,800, Nandurbar – 38,300, 
    Latur – 38,700, Nanded – 38,400, Solapur – 38,700, Sangli – 39,000.
        
    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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         782            784
    Soyoil solvent crushing plant delivery         742            744    
    Cottonseed refined                             760            760
    Cottonseed solvent                             740            740
    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            775
    Soyoil Solvent                                 733            735
    Cottonseed refined                             750            750
    Cottonseed solvent                             730            730

    AKOLA
    Soyoil refined                                 774            776
    Soyoil Solvent                                 734            736        
    Cottonseed refined oil                         756          756 
    Cottonseed solvent                             730            730

    DHULIA
    Soyoil refined                                 785            787
  
    AURANGABAD
    Soyoil refined 
                                                778            781
    JALNA
    Soyoil refined 
                                                   784            787
    NANDED
    Soyoil refined                                 770            771
   
    Soyoil refined prices at other places in Maharashtra : Latur - 771, 
    Parbhani – 781, Koosnoor – 781, Solapur – 771, Sangli – 783.
                                     
Nagpur soymeal prices in rupees per tonne

                  Tuesday’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 – 31,800, Dhulia – 32,800, Hingoli – 33,000, Jalna – 34,500,
    Nandurbar – 32,600, Khamgaon – 31,400, Latur – 33,500, Nanded – 33,400,
    Parbhani – 33,000, Solapur – 34,000, Dharwad – 33,200, Sangli – 34,500

WEATHER (NAGPUR)  
Maximum temp. 34.6 degree Celsius, minimum temp. 17.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 35 and 17 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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