November 2, 2017 / 9:15 AM / in 2 months

Nagpur Soybean, Soyoil, Soymeal Open- November 02, 2017

Nagpur Soybean, Soyoil, Soymeal Open-November 2

Nagpur, Nov 2 (Reuters) – Soyabean oil prices today rose up in Vidarbha region of Western
Maharashtra on fresh buying by Vansaspati millers for the festival season amid a firming global
trend. Sentiment also improved after as Malaysian palm oil and American soya digam recovered
smartly. Fresh rise on NCDEX and good recovery in Madhya Pradesh soyabeal oil prices also helped
to push this oil prices, according to sources.


                       *****
VIDARBHA MARKETS
OILS
  
  * Groundnut loose, Groundnut refined, Cottonseed, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible and non-edible oil prices here.
    
   SOYMEAL

  * Soymeal prices today suffered heavily here in absence of buyers amid good supply from 
    local crushing plants. 
         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants. Fresh rise on NCDEX, 
    upward trend in Madhya Pradesh soyabean prices and reported demand from South-based 
    plants also jacked up prices here. 
    About 7,000 soyabean bags reported for auctions here, according to sources.  

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    22,500-26,200       22,500-25,800         --
    (Available price)
    Market delivery    23,600-26,300       23,600-25,900          --
    (Traders price)
    Plant delivery     27,300-28,000       27,300-28,000          --

    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                  5,000               22,500-26,000
    Amravati               3,000               22,800-26,200 
    Khamgaon               n.a.                   n.a.
    Wardha                 3,000            23,000-26,000 
    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 - 28,200, Washim – 28,500, Dhulia – 28,000, Hingoli – 28,900, 
    Jalna – 28,700, Koosnoor – 27,900, Malkapur – 28,100, Latur – 28,600, 
    Nanded – 28,500, Solapur – 28,700, Sangli – 28,500.
        
    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.             1,350-1,500
    Dhan            n.a.                n.a.             2,200-2,250
    Cotton            n.a.              n.a.             4,950-5,025

                                                                        
        NAGPUR
                              
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         715            712
    Soyoil solvent crushing plant delivery         675            672    
    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                          750            750
    Linseed oil                                    770            770
    Rapeseed oil (for 15 kg)                       1,170          1,170
    Castor oil (for 15 kg)                         1,530          1,530
    Coconut KP oil (for 15 kg)                     2,930          2,930

    AMRAVATI
    Soyoil refined                                 711            708
    Soyoil Solvent                                 673            669
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720

    AKOLA
    Soyoil refined                                 711            708
    Soyoil Solvent                                 671            668        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             720            720

    DHULIA
    Soyoil refined                                 718            715
  
    AURANGABAD
    Soyoil refined 
                                                719            716
    JALNA
    Soyoil refined 
                                                   719            718
    NANDED
    Soyoil refined                                 718            716
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 720, 
    Baramati – 720, Latur - 718, Parbhani – 718, Koosnoor – 719, Solapur – 720, 
    Sangli – 721.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open       Previous Close
    Soymeal (Nagpur)                  22,600-22,500          22,600-23,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 22,700 
    Akola – 22,800, Washim – 22,100, Dhulia – 22,100, Hingoli – 23,000, 
    Jalna – 22,200, Nandurbar – 22,100, Khamgaon – 21,400, Latur – 22,300, 
    Nanded – 22,500, Parbhani – 22,200, Solapur – 22,700, Supa – n.a., 
    Dharwad – 22,600, Sangli – 22,800

WEATHER (NAGPUR)  
Maximum temp. 31.9 degree Celsius, minimum temp. 16.3 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 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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