September 22, 2017 / 8:44 AM / 25 days ago

Nagpur Soybean, Soyoil, Soymeal Open- September 22, 2017

Nagpur Soybean, Soyoil, Soymeal Open-September 22

Nagpur, Sept 22 (Reuters) – Soyabean oil prices recovered strongly in Vidarbha region of Western
Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing regions.
Healthy rise on NCDEX, upward trend in Madhya Pradesh soyabean oil prices and notable hike in
international edible oils also pushed up prices, sources said Friday.


                       *****
VIDARBHA MARKETS
OILS

  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and coconut KP oil ruled steady here in limited deals. 
  * Traders expect upward trend in soyabean oil here.
    
   SOYMEAL

   * Soymeal prices today ruled steady here on subdued demand from South-based traders. 
         
   SOYABEAN
   * Soyabean prices shot up in Nagpur Agriculture Produce Marketing 
     Committee (APMC) on increased demand from local crushing plants. Healthy rise in 
     soyabean oil, upward trend on NCDEX, fresh rise in Madhya Pradesh soyabean prices 
     and reported demand from South-based plants also helped to push up prices.
     About 200 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    26,000-30,300       26,000-29,500         --
    (Available price)
    Market delivery    26,100-30,400       26,100-29,600          --
    (Traders price)
    Plant delivery     30,500-31,000       30,500-31,000          --

    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               26,300-29,600
    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 – 31,250, Hingoli – 32,000, 
    Jalna – 31,500, Koosnoor – 31,800, Malkapur – 31,900, Latur – 31,500, 
    Nanded – 31,500, Solapur – 32,000, Sangli – 31,600.
        
    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         718            713
    Soyoil solvent crushing plant delivery         678            672    
    Cottonseed refined                             725            725
    Cottonseed solvent                             705            705
    Groundnut oil (loose)                          1,030          1,030
    Groundnut oil refined (15 Litre)               1,620          1,620
    Sunflower oil refined                          750            750
    Linseed oil                                    800            800
    Rapeseed oil (for 15 kg)                       1,200          1,200
    Castor oil (for 15 kg)                         1,620          1,620
    Coconut KP oil (for 15 kg)                     2,950          2,950

    AMRAVATI
    Soyoil refined                                 713            709
    Soyoil Solvent                                 673            669
    Cottonseed refined                             725            725
    Cottonseed solvent                             705            705

    AKOLA
    Soyoil refined                                 714            709
    Soyoil Solvent                                 674            669        
    Cottonseed refined oil                         725          725 
    Cottonseed solvent                             705            705

    DHULIA
    Soyoil refined                                 724            719
  
    AURANGABAD
    Soyoil refined 
                                                723            720
    JALNA
    Soyoil refined 
                                                   723            719
    NANDED
    Soyoil refined                                 724            721
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 725, 
    Baramati – 723, Latur - 722, Parbhani – 724, Koosnoor – 725, Solapur – 724, 
    Sangli – 725.
                                     
Nagpur soymeal prices in rupees per tonne

                  Friday’s open      Previous Close
    Soymeal (Nagpur)                  25,700-26,000       25,700-26,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 27,000 
    Akola – 26,500, Washim – 26,500, Dhulia – 26,900, Hingoli – 27,500, 
    Jalna – 27,000, Nandurbar – 27,800, Khamgaon – 26,500, Latur – 27,200, 
    Nanded – 27,700, Parbhani – 27,300, Solapur – 27,300, Supa – n.a., 
    Dharwad – 27,300, Sangli – 27,500

WEATHER (NAGPUR)  
Maximum temp. 29.0 degree Celsius, minimum temp. 22.2 degree Celsius 
Rainfall : 5.0 mm
FORECAST: Generally cloudy sky with one or few 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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