January 3, 2018 / 8:22 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- January 3, 2018

Nagpur Soybean, Soyoil, Soymeal Open-January 3, 2018

Nagpur, Jan 3 (Reuters) – Soyabean oil prices today zoomed up in Vidarbha region of Western
Maharashtra on fresh buying by Vansaspati millers for the marriage season amid a firming global
trend. Sentiment also improved after as Malaysian palm oil and American soya digam recovered
smartly. Healthy rise on NCDEX and fresh hike in Madhya Pradesh soyabeal oil prices also fuelled
prices, according to sources.


                       *****
VIDARBHA MARKETS
OILS

  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower, Linseed and 
    Rapeseed, Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further rise in Soyabean oil.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor in limited deals.
         
   SOYABEAN
  * Soyabean prices recovered again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on good buying support from local crushing plants amid weak 
    supply from producing regions. Sharp hike in Soyabean oil in last two sessions,
    upward trend on NCDEX and fresh rise in Madhya Pradesh soyabean prices also boosted 
    prices here. 
    About 1,000 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    25,500-29,400       25,500-29,250         --
    (Available price)
    Market delivery    25,600-29,500       26,600-29,350          --
    (Traders price)
    Plant delivery     30,700-31,300       30,500-31,300          --

    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               25,500-29,400
    Amravati               1,000               25,200-29,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            25,200-29,200 
    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 – 31,300, Washim – 31,000, Khamgaon – 30,300, Dhulia – 31,600, 
    Hingoli – 31,800, Jalna – 30,900, Koosnoor – 31,700, Nandurbar – 31,500, 
    Latur – 31,400, Nanded – 30,800, Solapur – 31,500, Sangli – 31,600.
        
    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            8,000         2,000-2,450           2,000-2,472
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         758            750
    Soyoil solvent crushing plant delivery         718            710    
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          780            780
    Linseed oil                                    790            790
    Rapeseed oil (for 15 kg)                       1,280          1,280
    Castor oil (for 15 kg)                         1,550          1,550
    Coconut KP oil (for 15 kg)                     3,450          3,450

    AMRAVATI
    Soyoil refined                                 750            742
    Soyoil Solvent                                 710            703
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720

    AKOLA
    Soyoil refined                                 751            743
    Soyoil Solvent                                 711            704        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             720            720

    DHULIA
    Soyoil refined                                 757            750
  
    AURANGABAD
    Soyoil refined 
                                                759            752
    JALNA
    Soyoil refined 
                                                   757            748
    NANDED
    Soyoil refined                                 762            754
   
    Soyoil refined prices at other places in Maharashtra : Latur - 762, 
    Parbhani – 758, Koosnoor – 759, Solapur – 758, Sangli – 760.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’s open     Previous Close
    Soymeal (Nagpur)                  23,900-24,300       23,900-24,300
      
    Soymeal prices at other places in Maharashtra : Adilabad – 24,700 
    Akola – 24,000, Washim – 24,300, Dhulia – 24,900, Hingoli – 24,800, 
    Jalna – 24,500, Nandurbar – 24,700, Khamgaon – 23,600, Latur – 25,300, 
    Nanded – 24,600, Parbhani – 22,700, Solapur – 24,800, Supa – n.a., 
    Dharwad – 25,800, Sangli – 24,700

WEATHER (NAGPUR)  
Maximum temp. 28.9 degree Celsius, minimum temp. 10.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 29 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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