September 4, 2017 / 8:27 AM / 21 days ago

Nagpur Soybean, Soyoil, Soymeal Open- September 04, 2017

Nagpur Soybean, Soyoil, Soymeal Open-September 4

Nagpur, Sept 4 (Reuters) – Soyabean oil in reported higher in Vidarbha region of Western
Maharashtra today on increased seasonal demand by stockists amid weak supply from producing
belts. Fresh rise in overseas soya digam prices and reported demand from South-based traders
also jacked up prices, according to sources.

                       *****
VIDARBHA MARKETS
OILS

  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed, 
    Castor and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL

   * Soymeal prices today quoted static here but demand was poor.
         
   SOYABEAN
   * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on lack of buying support from local crushing plants. No takers to 
     soymeal, weak trend in Madhya Pradesh soyabean prices and release of stock from 
     stockists also affected prices. 
     About 500 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    27,000-29,500       27,000-30,000         --
    (Available price)
    Market delivery    27,100-29,600       27,100-30,100          --
    (Traders price)
    Plant delivery     30,700-31,400       30,700-31,400          --

    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                  100               26,800-29,300
    Amravati               n.a.                n.a. 
    Khamgaon               n.a.                   n.a.
    Wardha                 n.a.            n.a. 
    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 - 30,500, Washim – 30,900, Dhulia – 32,400, Hingoli – 33,100, 
    Jalna – 31,800, Koosnoor – 31,800, Malkapur – 31,900, Latur – 32,400, 
    Nanded – 33,000, Solapur – 33,000, Sangli – 32,500.
        
    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
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         703            701
    Soyoil solvent crushing plant delivery         663            661    
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695
    Groundnut oil (loose)                          1,070          1,070
    Groundnut oil refined (15 Litre)               1,670          1,670
    Sunflower oil refined                          750            750
    Linseed oil                                    780            780
    Rapeseed oil (for 15 kg)                       1,180          1,180
    Castor oil (for 15 kg)                         1,600          1,600
    Coconut KP oil (for 15 kg)                     2,550          2,550

    AMRAVATI
    Soyoil refined                                 703            699
    Soyoil Solvent                                 662            659
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 701            699
    Soyoil Solvent                                 659            658        
    Cottonseed refined oil                         715          715 
    Cottonseed solvent                             695            695

    DHULIA
    Soyoil refined                                 710            708
  
    AURANGABAD
    Soyoil refined 
                                                709            707
    JALNA
    Soyoil refined 
                                                   711            708
    NANDED
    Soyoil refined                                 710            706
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 712, 
    Baramati – 710, Latur - 709, Nanded – 709, Parbhani – 711,
    Koosnoor – 710, Solapur – 709, Sangli – 711.
                                     
Nagpur soymeal prices in rupees per tonne

                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  27,000-27,500      27,000-27,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 27,700 
    Akola – 27,400, Washim – 27,300, Dhulia – 28,300, Hingoli – 28,500, 
    Jalna – 27,500, Nandurbar – 28,100, Khamgaon – 27,500, Latur – 28,700, 
    Nanded – 27,900, Parbhani – 27,900, Solapur – 28,000, Supa – n.a., 
    Dharwad – 28,800, Sangli – 28,500

WEATHER (NAGPUR)  
Maximum temp. 32.0 degree Celsius, minimum temp. 24.7 degree Celsius 
Rainfall : 16.2 mm
FORECAST: Generally cloudy sky with possibility of one or two spells of rains. Maximum and
minimum temperature would be around and 32 and 24 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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