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REFILE-Nagpur Soybean, Soyoil, Soymeal Open- November 20, 2017
November 20, 2017 / 8:39 AM / 22 days ago

REFILE-Nagpur Soybean, Soyoil, Soymeal Open- November 20, 2017

Nagpur Soybean, Soyoil, Soymeal Open-November 20

Nagpur, Nov 20 (Reuters) – Government decision to increased duty on oil import has shown its
effects in oil market here. Soyabean, Cottonseed and Rapeseed oil prices today flared up in
Vidarbha region of Western Maharashtra on increased offtake by vanaspati millers amid a firming
trend in producing regions. Buying activity in edible oils also picked up as Malaysian palm oil
and American soya digam climbed in overseas markets. Sharp rise in Madhya Pradesh edible oils
and reported demand from South-based traders also boosted prices, sources said Saturday.



                       *****
VIDARBHA MARKETS
OILS
  
  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Castor and coconut KP
    oil ruled steady here in sluggish trading activity. 
  * Traders expect further rise in Soyabean and Cottonseed oil here.
    
   SOYMEAL

  * Soymeal prices today reported strong here because of government duty on soyabean and 
    soyabean oil amid increased demand from South-based traders. 
         
   SOYABEAN
  * Soyabean prices shot up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on good demand from local crushing plants. Government decision 
    to increased soyabean import duty and reported demand from South-based plants also 
    jacked up prices, according to sources.  

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    23,500-28,000       23,000-27,000         --
    (Available price)
    Market delivery    23,600-28,100       23,100-27,100          --
    (Traders price)
    Plant delivery     28,500-29,000       27,500-28,000          --

    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                  3,000               22,000-28,000
    Amravati               1,000               22,500-27,500 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            23,000-28,500 
    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 - 27,900, Washim – 27,800, Dhulia – 28,200, Hingoli – 29,500, 
    Jalna – 27,700, Koosnoor – 29,200, Malkapur – 28,400, Latur – 29,200, 
    Nanded – 27,400 , Solapur – 29,300, Sangli – 28,200.
        
    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            1,600              1,800-2,125      1,850-2,211
    Cotton            n.a.              4,250             4,950-5,025

                                                                        
        NAGPUR
                              
                                Saturday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         756            730
    Soyoil solvent crushing plant delivery         716            690    
    Cottonseed refined                             750            735
    Cottonseed solvent                             730            715
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          750            750
    Linseed oil                                    780            780
    Rapeseed oil (for 15 kg)                       1,260          1,230
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     3,000          3,000

    AMRAVATI
    Soyoil refined                                 750            740
    Soyoil Solvent                                 710            690
    Cottonseed refined                             750            735
    Cottonseed solvent                             730            715

    AKOLA
    Soyoil refined                                 750            714
    Soyoil Solvent                                 710            690        
    Cottonseed refined oil                         750          730 
    Cottonseed solvent                             715            715

    DHULIA
    Soyoil refined                                 745            715
  
    AURANGABAD
    Soyoil refined 
                                                740            725
    JALNA
    Soyoil refined 
                                                   750            730
    NANDED
    Soyoil refined                                 750            725
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 750, 
    Baramati – 755, Latur - 750, Parbhani – 752, Koosnoor – 757, Solapur – 750, 
    Sangli – 755.
                                     
Nagpur soymeal prices in rupees per tonne

                  Saturday’s open     Previous Close
    Soymeal (Nagpur)                  21,500-22,000       21,000-21,500
      
    Soymeal prices at other places in Maharashtra : Adilabad – 22,700 
    Akola – 21,900, Washim – 21,900, Dhulia – 22,800, Hingoli – 23,000, 
    Jalna – 22,900, Nandurbar – 22,600, Khamgaon – 21,500, Latur – 22,600, 
    Nanded – 23,000, Parbhani – 22,700, Solapur – 22,800, Supa – n.a., 
    Dharwad – 22,800, Sangli – 23,000

WEATHER (NAGPUR)  
Maximum temp. 31.4 degree Celsius, minimum temp. 18.8 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 32 and 19
degree Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.


            *    *     *    *    *    *
Nagpur Soybean, Soyoil, Soymeal Open-November 20
Nagpur, Nov 20 (Reuters) – Soyabean, Sunflower and Rapeseed oil prices today touched to a record
high Vidarbha region of Western Maharashtra on increased offtake by vanaspati millers amid a
firming trend in producing regions. Buying activity in these oil picked up because of Government
decision to increase oil import duty. Sharp rise on NCDEX in Soyabean oil and healthy hike in
Madhya Pradesh Soyabean oil prices also boosted sentiment, sources said Monday.
                       *****
VIDARBHA MARKETS
OILS
  
  * Cottonseed, Groundnut loose, Groundnut refined, Linseed, Castor and coconut KP
    oil ruled steady here in thin trading activity. 
  * Traders expect further rise in Soyabean and Sunflower oil in edible section here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. 
         
   SOYABEAN
  * Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing 
    Committee (APMC) here on increased buying support from local crushing plants amid 
    weak supply from producing region. Government decision to increased soyabean import 
    duty, healthy rise in Soyabean oil and reported demand from South-based plants also 
    boosted prices, according to sources.  
 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    23,500-28,100       23,000-28,000         --
    (Available price)
    Market delivery    23,600-28,200       23,100-28,100          --
    (Traders price)
    Plant delivery     28,500-29,250       28,500-29,200          --
    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                  3,000               22,000-28,000
    Amravati               1,000               22,500-27,500 
    Khamgaon               n.a.                   n.a.
    Wardha                 1,000            23,000-28,500 
    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 - 28,900, Washim – 28,800, Dhulia – 29,250, Hingoli – 29,300, 
    Jalna – 28,700, Koosnoor – 29,200, Malkapur – 28,400, Latur – 29,200, 
    Nanded – 29,200 , Solapur – 29,200, Sangli – 28,750.
        
    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            1,600              1,800-2,125      1,850-2,211
    Cotton            n.a.              4,250             4,950-5,025
                                                                        
        NAGPUR
                              
                                Monday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         761            755
    Soyoil solvent crushing plant delivery         721            712    
    Cottonseed refined                             750            750
    Cottonseed solvent                             730            730
    Groundnut oil (loose)                          1,020          1,020
    Groundnut oil refined (15 Litre)               1,610          1,610
    Sunflower oil refined                          780            750
    Linseed oil                                    770            770
    Rapeseed oil (for 15 kg)                       1,280          1,260
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     3,000          3,000
    AMRAVATI
    Soyoil refined                                 760            750
    Soyoil Solvent                                 720            710
    Cottonseed refined                             750            750
    Cottonseed solvent                             730            730
    AKOLA
    Soyoil refined                                 760            755
    Soyoil Solvent                                 720            712        
    Cottonseed refined oil                         750          750 
    Cottonseed solvent                             730            730
    DHULIA
    Soyoil refined                                 755            745
  
    AURANGABAD
    Soyoil refined 
                                                760            755
    JALNA
    Soyoil refined 
                                                   757            750
    NANDED
    Soyoil refined                                 730            725
   
    Soyoil refined prices at other places in Maharashtra : Adilabad – 760, 
    Baramati – 765, Latur - 760, Parbhani – 762, Koosnoor – 762, Solapur – 735, 
    Sangli – 765.
                                     
Nagpur soymeal prices in rupees per tonne
                  Monday’s open     Previous Close
    Soymeal (Nagpur)                  21,500-22,000     21,500-22,000
      
    Soymeal prices at other places in Maharashtra : Adilabad – 22,700 
    Akola – 21,900, Washim – 21,900, Dhulia – 22,800, Hingoli – 23,000, 
    Jalna – 22,900, Nandurbar – 22,600, Khamgaon – 21,500, Latur – 22,600, 
    Nanded – 23,000, Parbhani – 22,700, Solapur – 22,800, Supa – n.a., 
    Dharwad – 22,800, Sangli – 23,000
WEATHER (NAGPUR)  
Maximum temp. 32.8 degree Celsius, minimum temp. 19.9 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 31 and 20
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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