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Nagpur Soybean, Soyoil, Soymeal Open- November 28, 2017
November 28, 2017 / 8:15 AM / 16 days ago

Nagpur Soybean, Soyoil, Soymeal Open- November 28, 2017

Nagpur Soybean, Soyoil, Soymeal Open-November 28

Nagpur, Nov 28 (Reuters) – Linseed, Castor and coconut KP oil prices today strengthened in
Vidarbha region of Western Maharashtra on increased offtake by vanaspati millers amid a firming
trend in producing regions. Buying activity in these oil picked up because of weak arrival.
Trading activity other major edible oils reported weak as no trader was in mood for any
commitment because of downward trend in overseas oil and fresh fall on NCDEX, sources said
Tuesday.


                       *****
VIDARBHA MARKETS
OILS
  
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower and Rapeseed oil 
    ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL

  * Soymeal prices today recovered strongly here on good buying support from South-based 
    traders. Healthy rise in international soymeal prices also boosted sentiment. 
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on increased buying support from local crushing plants amid 
    weak supply from producing regions. Notable rise in soymeal, upward trend on NCDEX 
    and repeated enquiries from South-based plants also jacked 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    24,400-29,300       24,000-29,300         --
    (Available price)
    Market delivery    24,500-29,400       24,100-29,400          --
    (Traders price)
    Plant delivery     28,500-30,100       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               23,800-28,700
    Amravati               2,000               24,000-28,700 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            23,800-28,800 
    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 - 29,700, Washim – 29,000, Dhulia – 30,100, Hingoli – 30,500, 
    Jalna – 28,500, Koosnoor – 30,200, Malkapur – 28,400, Latur – 29,800, 
    Nanded – 29,500, Solapur – 30,000, 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            5,000              1,700-2,131      1,800-2,100
    Cotton            n.a.              n.a.             4,250

                                                                        
        NAGPUR
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         758            758
    Soyoil solvent crushing plant delivery         718            718    
    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                          780            780
    Linseed oil                                    790            780
    Rapeseed oil (for 15 kg)                       1,280          1,280
    Castor oil (for 15 kg)                         1,520          1,500
    Coconut KP oil (for 15 kg)                     3,050          3,030

    AMRAVATI
    Soyoil refined                                 756            756
    Soyoil Solvent                                 716            716
    Cottonseed refined                             755            755
    Cottonseed solvent                             735            735

    AKOLA
    Soyoil refined                                 755            755
    Soyoil Solvent                                 715            715        
    Cottonseed refined oil                         755          755 
    Cottonseed solvent                             735            735

    DHULIA
    Soyoil refined                                 753            753
  
    AURANGABAD
    Soyoil refined 
                                                763            763
    JALNA
    Soyoil refined 
                                                   759            759
    NANDED
    Soyoil refined                                 733            733
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 761, 
    Baramati – 765, Latur - 763, Parbhani – 764, Koosnoor – 765, Solapur – 760, 
    Sangli – 762.
                                     
Nagpur soymeal prices in rupees per tonne

                  Tuesday’s open     Previous Close
    Soymeal (Nagpur)                  22,500-23,000       22,000-22,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 22,700 
    Akola – 22,500, Washim – 22,300, Dhulia – 23,700, Hingoli – 23,700, 
    Jalna – 22,900, Nandurbar – 23,400, Khamgaon – 21,500, Latur – 23,900, 
    Nanded – 23,000, Parbhani – 22,700, Solapur – 24,000, Supa – n.a., 
    Dharwad – 24,000, Sangli – 24,000

WEATHER (NAGPUR)  
Maximum temp. 31.3 degree Celsius, minimum temp. 11.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 31 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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