January 24, 2018 / 7:47 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- January 24, 2018

Nagpur Soybean, Soyoil, Soymeal Open-January 24, 2018

Nagpur, Jan 24 (Reuters) – There was negligible change in the edible oil pattern of trading in
the Vidarbha region of Western Maharashtra today as prices hovered around last levels in absence
of any worthwhile moving factors. Restricted arrivals against sporadic demand mainly kept major
oil prices unaltered. No trader was in mood for any commitment because of good recovery in
Malaysian palm oil, 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 sluggish trading activity. 
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL

  * Soymeal prices today recovered strongly here on good demand from South-based 
    traders. Healthy rise in international soymeal prices also helped to push up prices. 
         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on good buying support from local crushing plants amid weak 
    supply from producing regions. Sharp rise in soyameal, good recovery on NCDEX in last 
    two session, upward trend in Madhya Pradesh soyabean prices and reported demand from 
    South-based plants also jacked 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    32,000-35,500       32,000-35,000         --
    (Available price)
    Market delivery    32,100-35,600       32,100-35,100          --
    (Traders price)
    Plant delivery     34,800-35,500       34,600-35,300          --

    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               32,200-35,400
    Amravati               1,000               32,000-35,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            32,500-35,200 
    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 – 35,600, Washim – 35,500, Khamgaon – 36,300, Dhulia – 36,600, 
    Hingoli – 37,200, Jalna – 36,500, Koosnoor – 36,500, Nandurbar – 36,100, 
    Latur – 37,200, Nanded – 37,200, Solapur – 37,000, Sangli – 36,800.
        
    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                 2,500         2,100-2,550           1,800-2,500
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         764            764
    Soyoil solvent crushing plant delivery         734            724    
    Cottonseed refined                             745            745
    Cottonseed solvent                             725            725
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          800            800
    Linseed oil                                    810            810
    Rapeseed oil (for 15 kg)                       1,260          1,260
    Castor oil (for 15 kg)                         1,530          1,530
    Coconut KP oil (for 15 kg)                     3,430          3,430

    AMRAVATI
    Soyoil refined                                 761            761
    Soyoil Solvent                                 721            721
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 764            764
    Soyoil Solvent                                 724            724        
    Cottonseed refined oil                         725          725 
    Cottonseed solvent                             705            705

    DHULIA
    Soyoil refined                                 769            769
  
    AURANGABAD
    Soyoil refined 
                                                769            769
    JALNA
    Soyoil refined 
                                                   770            770
    NANDED
    Soyoil refined                                 757            757
   
    Soyoil refined prices at other places in Maharashtra : Latur - 757, 
    Parbhani – 765, Koosnoor – 767, Solapur – 762, Sangli – 769.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open     Previous Close
    Soymeal (Nagpur)                  30,000-30,500        29,000-30,000
      
    Soymeal prices at other places in Maharashtra : Akola – 31,300, 
    Washim – 30,500, Dhulia – 31,300, Hingoli – 31,000, Jalna – 30,200,
    Nandurbar – 30,900, Khamgaon – 30,500, Latur – 32,000, Nanded – 29,000,
    Parbhani – 30,700, Solapur – 30,800, Sangli – 30,500, 
    Dharwad – n.a., Sangli – 28,900

WEATHER (NAGPUR)  
Maximum temp. 30.4 degree Celsius, minimum temp. 15.6 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 30 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.

  
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