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Nagpur Soybean, Soyoil, Soymeal Open- September 12, 2017
September 12, 2017 / 8:22 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- September 12, 2017

Nagpur Soybean, Soyoil, Soymeal Open-September 12

Nagpur, Sept 12 (Reuters) – Soyabean and Cottonseed oil today received a sever jolt in Vidarbha
region of Western Maharashtra on stockists selling looking towards month ending, driven by
higher imports amid weak global cues. Fall in demand from millers and retailers also put
pressure on soyabean oil. Besides, sufficient stocks, sharp fall on NCDEX and easy condition in
Madhya Pradesh soyabean oil also affected sentiment. Easy condition in Malaysian palm oil and
American soya digam prices also affected trading activity here, sources said Tuesday.


                       *****
VIDARBHA MARKETS
OILS

  * Meanwhile coconut KP oil recovered further on increased seasonal demand from local 
    traders amid weak supply from producing regions.
  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Linseed, Rapeseed and 
    Castor oil ruled steady here in limited deals. 
  * Traders expect further rise in coconut KP oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here but demand was poor in thin trading activity.
         
   SOYABEAN
   * Soyabean prices zoomed up again in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on increased seasonal demand from local crushing plants amid weak 
     supply from producing belts. Notable hike on NCDEX and upward trend in Madhya 
     Pradesh soyabean prices also helped to push up prices here. 
     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    28,100-29,850       27,400-29,500         --
    (Available price)
    Market delivery    28,200-29,950       27,500-29,600          --
    (Traders price)
    Plant delivery     30,500-31,300       30,500-31,300          --

    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               27,500-29,500
    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 – 32,100, 
    Jalna – 31,800, Koosnoor – 31,800, Malkapur – 31,900, Latur – 31,800, 
    Nanded – 31,800, 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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         707            711
    Soyoil solvent crushing plant delivery         667            671    
    Cottonseed refined                             715            720
    Cottonseed solvent                             695            700
    Groundnut oil (loose)                          1,030          1,030
    Groundnut oil refined (15 Litre)               1,620          1,620
    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)                     2,755          2,750

    AMRAVATI
    Soyoil refined                                 704            709
    Soyoil Solvent                                 664            669
    Cottonseed refined                             715            720
    Cottonseed solvent                             695            700

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

    DHULIA
    Soyoil refined                                 714            716
  
    AURANGABAD
    Soyoil refined 
                                                715            719
    JALNA
    Soyoil refined 
                                                   714            719
    NANDED
    Soyoil refined                                 714            718
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 715, 
    Baramati – 714, Latur - 713, Parbhani – 715, Koosnoor – 713, Solapur – 715, 
    Sangli – 715.
                                     
Nagpur soymeal prices in rupees per tonne

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

WEATHER (NAGPUR)  
Maximum temp. 34.5 degree Celsius, minimum temp. 23.7 degree Celsius 
Rainfall : 1.9 mm
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 32 and 23 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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