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Nagpur Soybean, Soyoil, Soymeal Open- November 24, 2017
November 24, 2017 / 8:38 AM / 19 days ago

Nagpur Soybean, Soyoil, Soymeal Open- November 24, 2017

Nagpur Soybean, Soyoil, Soymeal Open-November 24

Nagpur, Nov 24 (Reuters) – Soyabean and Cottonseed oil prices strengthened in Vidarbha region of
Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing
regions. Buying activity in edible oils picked up as Malaysian palm oil climbed in overseas
markets. Healthy rise on NCDEX and reported demand from South-based traders also boosted prices,
sources said Friday.



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

  * Soymeal prices today recovered strongly here on increased buying support from local 
    traders amid weak supply from local crushing plants. 
         
   SOYABEAN
  * Soyabean prices recovered further in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on increased demand from local crushing plants amid 
    weak supply from producing regions. Fresh rise in soyabean oil, upward trend on NCDEX, 
    notable hike in Madhya Pradesh soyabean prices and reported demand from South-based 
    plants also helped to push up prices.
    About 3,000 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    24,000-28,800       24,000-28,300         --
    (Available price)
    Market delivery    24,100-28,900       24,100-28,400          --
    (Traders price)
    Plant delivery     28,500-30,000       28,500-30,000          --

    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                  2,000               23,300-28,500
    Amravati               1,000               23,700-28,000 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            23,300-28,600 
    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 - 29,100, Washim – 28,000, Dhulia – 29,250, Hingoli – 29,300, 
    Jalna – 28,500, Koosnoor – 29,100, Malkapur – 28,400, Latur – 29,300, 
    Nanded – 29,100, Solapur – 29,200, 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            7,000              1,850-2,200      1,800-2,175
    Cotton            n.a.              n.a.             4,250

                                                                        
        NAGPUR
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         758            755
    Soyoil solvent crushing plant delivery         718            715    
    Cottonseed refined                             755            750
    Cottonseed solvent                             735            730
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          780            780
    Linseed oil                                    780            780
    Rapeseed oil (for 15 kg)                       1,280          1,280
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     3,030          3,030

    AMRAVATI
    Soyoil refined                                 756            754
    Soyoil Solvent                                 716            714
    Cottonseed refined                             755            750
    Cottonseed solvent                             735            730

    AKOLA
    Soyoil refined                                 755            753
    Soyoil Solvent                                 715            712        
    Cottonseed refined oil                         755          750 
    Cottonseed solvent                             735            730

    DHULIA
    Soyoil refined                                 764            761
  
    AURANGABAD
    Soyoil refined 
                                                763            760
    JALNA
    Soyoil refined 
                                                   759            757
    NANDED
    Soyoil refined                                 733            730
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 763, 
    Baramati – 767, Latur - 763, Parbhani – 764, Koosnoor – 765, Solapur – 739, 
    Sangli – 767.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’s open     Previous Close
    Soymeal (Nagpur)                  21,800-22,300        21,500-22,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 22,700 
    Akola – 22,000, Washim – 21,900, Dhulia – 23,500, Hingoli – 23,500, 
    Jalna – 22,900, Nandurbar – 22,600, Khamgaon – 21,500, Latur – 23,200, 
    Nanded – 23,000, Parbhani – 22,700, Solapur – 23,500, Supa – n.a., 
    Dharwad – 24,000, Sangli – 23,500

WEATHER (NAGPUR)  
Maximum temp. 31.3 degree Celsius, minimum temp. 15.2 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 31 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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