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Nagpur Soybean, Soyoil, Soymeal Open- September 07, 2017
September 7, 2017 / 7:51 AM / 20 days ago

Nagpur Soybean, Soyoil, Soymeal Open- September 07, 2017

Nagpur Soybean, Soyoil, Soymeal Open-September 7

Nagpur, Sept 7 (Reuters) – Soyabean, Cottonseed 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. Fresh rise on NCDEX soyabean oil, notable in overseas edible oil and
short supply from local crushing plants also jacked up prices, according to sources, sources
said Thursday.

                       *****
VIDARBHA MARKETS
OILS

  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed 
    and Castor oil ruled steady here in sluggish trading activity. 
  * Traders expect upward trend in coconut KP oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here but on lack of demand from South-based 
     traders.
         
   SOYABEAN
   * Soyabean prices reported stong in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on good buying support from local crushing plants amid 
     thin supply from producing regions. Notable rise in soyabean oil, good recovery in 
     Madhya Pradesh soyabean prices and reported demand from South-based plants also 
     helped to push up prices. 
     About 600 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    26,000-30,500       26,000-29,800         --
    (Available price)
    Market delivery    26,100-30,600       26,100-29,900          --
    (Traders price)
    Plant delivery     31,000-31,800       31,000-31,800          --

    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               26,000-30,200
    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
                              
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         713            710
    Soyoil solvent crushing plant delivery         673            671    
    Cottonseed refined                             720            715
    Cottonseed solvent                             700            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)                     2,680          2,650

    AMRAVATI
    Soyoil refined                                 709            705
    Soyoil Solvent                                 669            665
    Cottonseed refined                             720            715
    Cottonseed solvent                             700            695

    AKOLA
    Soyoil refined                                 709            706
    Soyoil Solvent                                 669            664        
    Cottonseed refined oil                         720          715 
    Cottonseed solvent                             700            695

    DHULIA
    Soyoil refined                                 719            715
  
    AURANGABAD
    Soyoil refined 
                                                720            717
    JALNA
    Soyoil refined 
                                                   719            716
    NANDED
    Soyoil refined                                 719            715
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 721, 
    Baramati – 719, Latur - 718, Parbhani – 720, Koosnoor – 718, Solapur – 719, 
    Sangli – 720.
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’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 – 27,500, 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 – 28,700, Sangli – 28,000

WEATHER (NAGPUR)  
Maximum temp. 34.1 degree Celsius, minimum temp. 24.2 degree Celsius 
Rainfall : 2.6 mm
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. 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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