September 6, 2017 / 7:59 AM / in 2 months

Nagpur Soybean, Soyoil, Soymeal Open- September 06, 2017

Nagpur Soybean, Soyoil, Soymeal Open-September 6

Nagpur, Sept 6 (Reuters) – The rising trend in Coconut KP and Soyabean oil remained unabated for
the third straight day today in Vidarbha region of Central Maharashtra as prices rise further on
increased buying by vanaspati millers for the ongoing festival season, amid a sharp recovery in
producing regions. Sentiment remained strong, as palm oil prices rose in Malaysia, the world’s
second biggest palm growers, sources said Wednesday.

                       *****
VIDARBHA MARKETS
OILS

  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed 
    and Castor oil ruled steady here in thin trading activity. 
  * Traders expect further rise in Coconut oil here.
    
   SOYMEAL

   * Soymeal prices today quoted static here but demand was poor.
         
   SOYABEAN
   * Soyabean prices firmed up in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on good seasonal demand support from local crushing plants amid 
     weak supply from producing regions. Fresh rise in soyabean oil, upward trend in 
     Madhya Pradesh soyabean prices and enquiries from South-based plants also boosted 
     prices. 
     About 300 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    26,800-29,800       26,500-29,500         --
    (Available price)
    Market delivery    26,900-29,900       26,600-29,600          --
    (Traders price)
    Plant delivery     31,000-31,800       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               26,800-29,500
    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 – 32,800, 
    Jalna – 31,800, Koosnoor – 31,800, Malkapur – 31,900, Latur – 32,400, 
    Nanded – 31,000, 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
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         711            709
    Soyoil solvent crushing plant delivery         671            669    
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695
    Groundnut oil (loose)                          1,050          1,050
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined                          750            750
    Linseed oil                                    770            770
    Rapeseed oil (for 15 kg)                       1,180          1,180
    Castor oil (for 15 kg)                         1,600          1,600
    Coconut KP oil (for 15 kg)                     2,650          2,600

    AMRAVATI
    Soyoil refined                                 705            703
    Soyoil Solvent                                 665            662
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 704            702
    Soyoil Solvent                                 664            661        
    Cottonseed refined oil                         715          715 
    Cottonseed solvent                             695            695

    DHULIA
    Soyoil refined                                 717            715
  
    AURANGABAD
    Soyoil refined 
                                                718            715
    JALNA
    Soyoil refined 
                                                   717            716
    NANDED
    Soyoil refined                                 717            715
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 719, 
    Baramati – 717, Latur - 718, Parbhani – 718, Koosnoor – 717, Solapur – 718, 
    Sangli – 718.
                                     
Nagpur soymeal prices in rupees per tonne

                  Wednesday’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 – 27,000, Hingoli – 28,500, 
    Jalna – 27,500, Nandurbar – 28,100, Khamgaon – 27,300, Latur – 28,000, 
    Nanded – 28,500, Parbhani – 27,900, Solapur – 28,500, Supa – n.a., 
    Dharwad – 28,900, Sangli – 28,000

WEATHER (NAGPUR)  
Maximum temp. 34.0 degree Celsius, minimum temp. 24.9 degree Celsius 
Rainfall : 2.6 mm
FORECAST: Partly cloudy sky with possibility of thundery development. Maximum and minimum
temperature would be around and 34 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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