November 9, 2017 / 8:32 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- November 09, 2017

Nagpur Soybean, Soyoil, Soymeal Open-November 9

Nagpur, Nov 9 (Reuters) – In a range-bound trading, edible and non-edible oil market in Vidarbha
in Western part of Maharashtra remained steady today as prices moved in narrow range and settled
around previous levels. Scattered enquiries against adequate stocks position mainly kept oil
prices intact. No trader was in mood for any commitment because of good recovery international
oil prices, adopting wait and watch move, 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 limited deals. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

  * Soymeal prices today firmed up here on increased demand from South-based traders. 
    Good recovery in international soymeal prices also boosted sentiment. 
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on increased demand from local crushing plants amid weak supply 
    from producing regions. Notable rise in soymeal, firm trend on NCDEX and good 
    recovery in Madhya Pradesh soyabean prices also helped to push up prices. 
    About 6,000 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    23,500-26,750       23,000-26,300         --
    (Available price)
    Market delivery    23,600-26,850       23,100-26,400          --
    (Traders price)
    Plant delivery     27,500-28,000       27,500-28,000          --

    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                  4,000               23,000-26,200
    Amravati               2,000               23,200-26,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 2,000            23,600-26,800 
    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 - 27,900, Washim – 27,800, Dhulia – 28,500, Hingoli – 28,500, 
    Jalna – 27,700, Koosnoor – 28,300, Malkapur – 28,400, Latur – 28,200, 
    Nanded – 27,700, 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
                              
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         720            720
    Soyoil solvent crushing plant delivery         680            680    
    Cottonseed refined                             735            735
    Cottonseed solvent                             715            715
    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          1,230
    Castor oil (for 15 kg)                         1,530          1,530
    Coconut KP oil (for 15 kg)                     3,000          3,000

    AMRAVATI
    Soyoil refined                                 715            715
    Soyoil Solvent                                 675            675
    Cottonseed refined                             735            735
    Cottonseed solvent                             715            715

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

    DHULIA
    Soyoil refined                                 696            696
  
    AURANGABAD
    Soyoil refined 
                                                712            712
    JALNA
    Soyoil refined 
                                                   714            714
    NANDED
    Soyoil refined                                 715            715
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 717, 
    Baramati – 717, Latur - 720, Parbhani – 718, Koosnoor – 718, Solapur – 720, 
    Sangli – 720.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open       Previous Close
    Soymeal (Nagpur)                  22,000-22,500          21,700-22,300
      
    Soymeal prices at other places in Maharashtra : Adilabad – 22,200 
    Akola – 22,400, Washim – 22,200, Dhulia – 22,900, Hingoli – 23,000, 
    Jalna – 22,500, Nandurbar – 22,800, Khamgaon – 21,500, Latur – 23,200, 
    Nanded – 22,500, Parbhani – 22,200, Solapur – 23,200, Supa – n.a., 
    Dharwad – 23,200, Sangli – 23,000

WEATHER (NAGPUR)  
Maximum temp. 32.4 degree Celsius, minimum temp. 15.2 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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