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Nagpur Soybean, Soyoil, Soymeal Open- September 08, 2017
September 8, 2017 / 8:28 AM / in 3 months

Nagpur Soybean, Soyoil, Soymeal Open- September 08, 2017

Nagpur Soybean, Soyoil, Soymeal Open-September 8

Nagpur, Sept 8 (Reuters) – Prices of Coconut KP oil shot up in Vidarbha region on Western
Maharashtra on stockists buying support triggered by a surge in coconut producing regions. This
oil was in keen demand among Vanaspati millers and retailers on account of the festive season.
Short supply from producing regions and upward trend on Madhya Pradesh coconut oil prices also
helped to push up prices, sources said Friday.


                       *****
VIDARBHA MARKETS
OILS

  * Meanwhile, Groundnut loose and Groundnut refined oil prices declined here on lack of 
    demand from local traders amid good supply from producing regions. 
  * Soyabean, Cottonseed, Sunflower refined, Linseed, Rapeseed and Castor oil ruled 
    steady here in limited deals. 
  * Traders expect further rise in coconut KP oil prices here.
    
   SOYMEAL

   * Soymeal prices today suffered heavily here on poor demand from local traders amid 
     increased supply from producing regions. Fresh fall in international soymeal prices 
     also affected sentiment.
         
   SOYABEAN
   * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on lack of demand from local crushing plants. Reports about arrival 
     of this season in Madhya Pradesh mandis, sharp fall in soymeal and easy condition on 
     NCDEX also pulled down 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    25,500-30,000       25,900-30,000         --
    (Available price)
    Market delivery    25,600-30,100       26,000-30,100          --
    (Traders price)
    Plant delivery     30,500-31,400       30,800-31,600          --

    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               25,500-30,000
    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 – 32,100, 
    Jalna – 31,800, Koosnoor – 31,800, Malkapur – 31,900, Latur – 31,900, 
    Nanded – 31,900, Solapur – 32,200, 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
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         713            713
    Soyoil solvent crushing plant delivery         673            673    
    Cottonseed refined                             720            720
    Cottonseed solvent                             700            700
    Groundnut oil (loose)                          1,030          1,050
    Groundnut oil refined (15 Litre)               1,620          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)                     2,720          2,680

    AMRAVATI
    Soyoil refined                                 709            709
    Soyoil Solvent                                 669            669
    Cottonseed refined                             720            720
    Cottonseed solvent                             700            700

    AKOLA
    Soyoil refined                                 709            709
    Soyoil Solvent                                 669            669        
    Cottonseed refined oil                         720          720 
    Cottonseed solvent                             700            700

    DHULIA
    Soyoil refined                                 719            719
  
    AURANGABAD
    Soyoil refined 
                                                720            720
    JALNA
    Soyoil refined 
                                                   719            719
    NANDED
    Soyoil refined                                 719            719
   
    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

                  Friday’s open     Previous Close
    Soymeal (Nagpur)                  26,200-26,700      26,700-27,200
      
    Soymeal prices at other places in Maharashtra : Adilabad – 27,000 
    Akola – 26,500, Washim – 26,800, Dhulia – 28,000, Hingoli – 28,500, 
    Jalna – 27,000, Nandurbar – 28,300, Khamgaon – 27,300, Latur – 28,000, 
    Nanded – 28,500, Parbhani – 27,300, Solapur – 27,300, Supa – n.a., 
    Dharwad – 27,600, Sangli – 27,300

WEATHER (NAGPUR)  
Maximum temp. 34.4 degree Celsius, minimum temp. 24.1 degree Celsius 
Rainfall : 10.6 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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