January 31, 2018 / 9:02 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- January 31, 2018

Nagpur Soybean, Soyoil, Soymeal Open-January 31, 2018

Nagpur, Jan 31 (Reuters) – Linseed, Rapeseed and Castor oil prices geared up in Vidarbha region
of Western Maharashtra on increased offtake by vanaspati millers amid a firming producing
regions. Weak supply from producing regions also pushed up prices. Trading activity in major
edible oils reported weak as no trader was in mood for any commitment because of good recovery
in overseas edible oil prices, sources said Wednesday.

                       *****
VIDARBHA MARKETS
OILS

  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined and 
    Coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect further rise in non-edible oil prices here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor. 
         
   SOYABEAN
  * Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on increased demand from local crushing plants amid weak 
    supply from producing regions. Notable rise on NCDEX, upward trend in Madhya 
    Pradesh soyabean prices and reported demand from South-based plants also jacked up 
    prices.
    About 900 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    35,900-37,750       35,000-37,600         --
    (Available price)
    Market delivery    36,000-37,850       33,100-37,700          --
    (Traders price)
    Plant delivery     39,500-40,000       39,000-39,500          --

    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               35,200-37,500
    Amravati               1,000               35,000-37,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            35,500-37,500 
    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 – 39,600, Washim – 39,500, Khamgaon – 39,300, Dhulia – 39,500, 
    Hingoli – 39,700, Jalna – 39,500, Nandurbar – 38,600, 
    Latur – 39,700, Nanded – 39,700, Solapur – 39,700, Sangli – 39,800.
        
    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                 n.a.             n.a                  2,000-2,500
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         782            782
    Soyoil solvent crushing plant delivery         742            742    
    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                                    820            810
    Rapeseed oil (for 15 kg)                       1,270          1,260
    Castor oil (for 15 kg)                         1,550          1,530
    Coconut KP oil (for 15 kg)                     3,400          3,400

    AMRAVATI
    Soyoil refined                                 771            771
    Soyoil Solvent                                 731            731
    Cottonseed refined                             725            720
    Cottonseed solvent                             705            700

    AKOLA
    Soyoil refined                                 772            772
    Soyoil Solvent                                 732            732        
    Cottonseed refined oil                         730          725 
    Cottonseed solvent                             710            705

    DHULIA
    Soyoil refined                                 777            777
  
    AURANGABAD
    Soyoil refined 
                                                780            780
    JALNA
    Soyoil refined 
                                                   777            777
    NANDED
    Soyoil refined                                 775            775
   
    Soyoil refined prices at other places in Maharashtra : Latur - 772, 
    Parbhani – 777, Koosnoor – 779, Solapur – 775, Sangli – 780.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’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 – 33,500, Dhulia – 34,000, Hingoli – 34,000, Jalna – 33,500,
    Nandurbar – 34,000, Khamgaon – 33,500, Latur – 34,500, Nanded – 34,500,
    Parbhani – 33,700, Solapur – 34,500, Sangli – 35,300, 
    Dharwad – 35,000, Sangli – 35,300

WEATHER (NAGPUR)  
Maximum temp. 32.4 degree Celsius, minimum temp. 10.7 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 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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