November 8, 2017 / 8:10 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- November 08, 2017

Nagpur Soybean, Soyoil, Soymeal Open-November 8

Nagpur, Nov 8 (Reuters) – Soyabean and Cottonseed oil prices today strengthened in Vidarbha
region of Western Maharashtra on increased offtake by local traders amid a firming trend in
producing regions and weak supply from crushing plants. Notable rise in Malaysian palm oil,
healthy rise in American soya digam prices and upward trend on NCDEX  and reported demand from
South-based traders also helped to push up these oils, sources said Wednesday.

                       *****
VIDARBHA MARKETS
OILS
  
  * Rapeseed oil too reported higher in non-edible section on good winter season demand 
    from traders amid weak supply from producing regions.
  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Castor and coconut KP 
    oil ruled steady here in sluggish trading activity. 
  * Traders expect further rise in Soyabean and Cottonseed oil here.
    
   SOYMEAL

  * Soymeal prices today ruled steady here but demand was poor. Easy condition 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 amid weak supply from 
    producing regions. Fresh rise in soyabean oil, upward trend on NCDEX and good 
    recovery in Madhya Pradesh soyabean prices also boosted sentiment. 
    About 5,000 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    23,000-26,300       23,000-26,000         --
    (Available price)
    Market delivery    23,100-26,400       23,100-26,100          --
    (Traders price)
    Plant delivery     27,500-28,400       27,500-28,400          --

    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                  3,000               23,000-25,900
    Amravati               2,000               23,200-25,500 
    Khamgaon               n.a.                   n.a.
    Wardha                 2,000            23,500-26,600 
    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 – 28,700, 
    Jalna – 28,700, Koosnoor – 28,700, Malkapur – 28,400, Latur – 28,500, 
    Nanded – 28,500, Solapur – 28,500, 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
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         720            717
    Soyoil solvent crushing plant delivery         680            678    
    Cottonseed refined                             735            730
    Cottonseed solvent                             715            710
    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)                       1,230          1,210
    Castor oil (for 15 kg)                         1,530          1,530
    Coconut KP oil (for 15 kg)                     3,000          3,000

    AMRAVATI
    Soyoil refined                                 715            712
    Soyoil Solvent                                 675            672
    Cottonseed refined                             735            730
    Cottonseed solvent                             715            710

    AKOLA
    Soyoil refined                                 715            713
    Soyoil Solvent                                 675            673        
    Cottonseed refined oil                         735          730 
    Cottonseed solvent                             715            710

    DHULIA
    Soyoil refined                                 710            708
  
    AURANGABAD
    Soyoil refined 
                                                712            710
    JALNA
    Soyoil refined 
                                                   714            711
    NANDED
    Soyoil refined                                 715            712
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 717, 
    Baramati – 717, Latur - 720, Parbhani – 718, Koosnoor – 718, Solapur – 720, 
    Sangli – 723.
                                     
Nagpur soymeal prices in rupees per tonne

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

WEATHER (NAGPUR)  
Maximum temp. 32.2 degree Celsius, minimum temp. 16.3 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 16 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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