September 1, 2017 / 8:16 AM / 22 days ago

Nagpur Soybean, Soyoil, Soymeal Open- September 1, 2017

Nagpur Soybean, Soyoil, Soymeal Open-September 1

Nagpur, Sept 1 (Reuters) – Soyabean oil in edible section declined in Vidarbha region of Western
Maharashtra today on persistent selling by stockists amid good supply from producing regions and
weak trends in Madhya Pradesh oils. Sentiment turned bearish because of release of stock from
stockists. Trading activity in other edible reported weak as no trader was in mood for any
commitment because of good recovery in international edible oil, according to sources.

                       *****
VIDARBHA MARKETS
OILS

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

   * Soymeal prices today ruled steady here on subdued demand from South-based traders 
     amid ample stock in ready position.
         
   SOYABEAN
   * Soyabean prices declined in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on poor demand from local crushing plants. Fresh fall in soyabean 
     oil, no takers to soymeal, easy condition in Madhya Pradesh soyabean prices and high 
     moisture content arrival also affected 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    27,000-29,800       27,400-30,300         --
    (Available price)
    Market delivery    27,100-29,900       27,500-30,400          --
    (Traders price)
    Plant delivery     30,000-31,000       30,000-31,250          --

    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 – 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
                              
                                Friday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         701            703
    Soyoil solvent crushing plant delivery         661            662    
    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                                 699            702
    Soyoil Solvent                                 659            660
    Cottonseed refined                             715            715
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 699            701
    Soyoil Solvent                                 658            660        
    Cottonseed refined oil                         715          715 
    Cottonseed solvent                             695            695

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

                  Friday’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. 33.6 degree Celsius, minimum temp. 23.8 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with possibility of moderate rains. 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.

ATTN : Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil market in Vidarbha will
be closed tomorrow, Saturday, on the occasion of Bakri Eid.

            *    *     *    *    *    *

  

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