October 9, 2017 / 8:33 AM / 14 days ago

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

Nagpur Soybean, Soyoil, Soymeal Open-October 9

Nagpur, Oct 9 (Reuters) – Soyabean and cottonseed oil prices today declined in Vidarbha region
of Western Maharashtra on lack of demand by Vansaspati millers amid weak trend in producing
regions. Fresh fall in Madhya Pradesh soyabean oil prices and release of stock from stockists
also pushed down prices, according to sources.

                       *****
VIDARBHA MARKETS
OILS

  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed, Castor and 
    Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect further fall in soyabean and cottonseed oil here.
    
   SOYMEAL

  * Soymeal prices today moved down here on lack of demand from South-based traders amid
    good supply from crushing plants.
         
   SOYABEAN
  * Soyabean prices suffered heavily in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants amid high moisture content 
    arrival. Weak trend on NCDEX, fresh fall in Madhya Pradesh soyabean prices and no 
    takers to soymeal also affected prices.
    About 4,000 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    24,000-27,200       24,400-27,400         --
    (Available price)
    Market delivery    24,100-27,300       24,500-27,500          --
    (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                  4,000               24,300-27,000
    Amravati               2,000               24,900-27,300 
    Khamgaon               n.a.                   n.a.
    Wardha                 2,000            24,100-27,300 
    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 - 30,000, Washim – 30,300, Dhulia – 30,250, Hingoli – 30,900, 
    Jalna – 30,500, Koosnoor – 31,000, Malkapur – 30,600, Latur – 30,500, 
    Nanded – 30,500, Solapur – 31,000, Sangli – 31,000.
        
    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
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         709            712
    Soyoil solvent crushing plant delivery         669            673    
    Cottonseed refined                             730            735
    Cottonseed solvent                             710            715
    Groundnut oil (loose)                          1,000          1,000
    Groundnut oil refined (15 Litre)               1,600          1,600
    Sunflower oil refined                          750            750
    Linseed oil                                    790            790
    Rapeseed oil (for 15 kg)                       1,190          1,190
    Castor oil (for 15 kg)                         1,650          1,650
    Coconut KP oil (for 15 kg)                     2,950          2,950

    AMRAVATI
    Soyoil refined                                 711            713
    Soyoil Solvent                                 690            674
    Cottonseed refined                             730            735
    Cottonseed solvent                             710            715

    AKOLA
    Soyoil refined                                 711            716
    Soyoil Solvent                                 670            676        
    Cottonseed refined oil                         730          735 
    Cottonseed solvent                             710            715

    DHULIA
    Soyoil refined                                 715            720
  
    AURANGABAD
    Soyoil refined 
                                                713            716
    JALNA
    Soyoil refined 
                                                   717            721
    NANDED
    Soyoil refined                                 715            721
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 718, 
    Baramati – 717, Latur - 717, Parbhani – 715, Koosnoor – 715, Solapur – 718, 
    Sangli – 718.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open       Previous Close
    Soymeal (Nagpur)                  23,800-24,300          24,000-24,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 24,000 
    Akola – 24,300, Washim – 24,300, Dhulia – 24,100, Hingoli – 24,500, 
    Jalna – 24,000, Nandurbar – 24,000, Khamgaon – 23,500, Latur – 24,300, 
    Nanded – 24,400, Parbhani – 24,300, Solapur – 24,400, Supa – n.a., 
    Dharwad – 24,900, Sangli – 25,000

WEATHER (NAGPUR)  
Maximum temp. 31.7 degree Celsius, minimum temp. 24.7 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with one or two spells of rains or thundershowers. Maximum and
minimum temperature would be around and 31 and 23 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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