Nagpur Soybean, Soyoil, Soymeal Open- October 03

Nagpur, Oct 3 (Reuters) - Prices of major edible oils nosedived at the Vidarbha region of
Western Maharashtra on reduced offtake at existing higher levels amid weakening global trend.
Trading sentiment turned bearish after palm oil futures in Malaysia and soya digam in America
suffered by about ten dollar per tonne in a day. Easy condition on Madhya Pradesh oil market
also affected sentiment, sources said Wednesday.

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VIDARBHA MARKETS
OILS
* Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, rapeseed,
linseed, castor and coconut KP oil today showed weak tendency on poor demand from
local traders amid good supply from producing regions like Gujarath, Tamilnadu and
Marathwada. Increased overseas supply in local oil market also affected sentiment.
* Traders expect further fall in major edible oils.

SOYMEAL
* Prices today reported down here on lack of demand from traders amid high
moisture content supply. Fresh fall in international soymeal prices also
affected sentiment.

SOYABEAN
* New soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
(APMC) reported down on lack of demand from local crushing plants
amid high moisture content arrival. Sharp fall in soyabean oil, easy condition in
soymeal and weak trend in Madhya Pradesh soyabean prices also affected prices.
Easy condition on NCDEX and good arrival in Madhya Pradesh soyabean mandi also
affected sentiment.
* About 5,000 soyabean bags reported for auctions in all over Vidarbha.

Nagpur soybean prices in rupees/tonne:
-----Soybean yellow----- Soybean black
Available Previous
Auction price (Auction price)
Market delivery 25,000-30,600 26,000-31,100 --

(Available price)
Market delivery 25,100-30,700 26,100-31,200 --

(Traders price)
Plant delivery 30,500-31,000 31,000-31,500 --

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
Nagpur 900 25,000-30,600
Hinganghat n.a. n.a.
Akola 200 25,500-30,900
Amravati 200 26,000-30,100
Khamgaon n.a. n.a.
Wardha 200 25,900-31,000
Arvi n.a. n.a.
Umred n.a. n.a.
Chandrapur 200 26,000-26,100

Soyabean prices at other places in Maharashtra : Adilabad - n.a.,
Baramati - n.a., Dhulia - 31,200 Hingoli - 2,950, Jalna - n.a.,
Koosnoor - 31,000, Latur - n.a., Nanded - n.a.,
Sangli - n.a.

Sunflower arrivals (in 50-kg bag), Rapeseed (in 40 Kg bag), groundnut and
Dhaniya arrivals (in 40 kg bag), linseed arrival (90 kg bag) and prices (in
rupees per 100 kilogram) in Nagpur, according to APMC sources:
Deliveries Available prices Previous close
Sunflower n.a. n.a. 2,500-2,600
Groundnut n.a. n.a. 700-900
Linseed n.a. n.a. 4,400-4,500
Castor n.a. n.a. 3,100-3,200
Rapeseed n.a. n.a. 1,520-1,625
Til n.a. n.a. 3,500-3,800
Dhaniya n.a. n.a. 3,800-4,000
Bajra n.a. n.a. n.a.

Oil prices in rupees per 10 kilograms:
NAGPUR
Wednesday's open Previous close
Soyoil refined crushing plant delivery 705 715
Soyoil solvent crushing plant delivery 665 675
Cottonseed refined 700 715
Cottonseed solvent 680 695
Groundnut oil (loose) 1,180 1,200
Groundnut oil refined (15 Litre) 2,000 2,000
Sunflower oil refined 780 790
Linseed oil 770 780
Rapeseed oil (for 15 kg) 1,250 1,260
Castor oil (for 15 kg) 1,210 1,250
Coconut KP oil (for 15 kg) 1,210 1,215

AMRAVATI
Soyoil refined 685 695
Soyoil Solvent 645 660
Cottonseed refined 680 690
Cottonseed solvent 660 670

AKOLA
Soyoil refined 785 793
Soyoil Solvent 645 654
Cottonseed refined oil 690 700
Cottonseed solvent oil 670 680

DHULIA
Soyoil refined 717 728

AURANGABAD
Soyoil refined 715 725

JALNA
Soyoil refined 717 724

LATUR
Soyoil refined 720 730

NANDED
Soyoil refined 725 731

Soyoil refined prices at other places in Maharashtra : Adilabad - 725,
Baramati - 721, Chalisgaon - 715, Pachora - 715, Parbhani - 720,
Koosnoor - 725, Solapur - 722, Supa - 730, Sangli - 735.

Nagpur soymeal prices in rupees per tonne
Wednesday's open Previous Close
Soymeal (Nagpur) 34,000-35,000 35,000-36,000

Soymeal prices at other places in Maharashtra : Adilabad - 35,900
Akola - 35,300, Baramati - n.a., Dhulia - 35,600, Hingoli - 35,800,
Jalna - 35,600, Koosnoor - 35,500, Latur - 35,500, Nanded - 36,100,
Pachora - n.a., Solapur - 35,600, Supa - n.a., Sangli - 36,500.

WEATHER (NAGPUR)
Maximum temp. 32.4 degree Celsius (90.3 degree Fahrenheit), minimum temp.
23.6 degree Celsius (75.5 degree Fahrenheit)
Humidity: Highest - 96 per cent, lowest - 71 per cent.
Rainfall : 5.1 mm
FORECAST: Generally cloudy sky. Rains or thunder-shower likely. Maximum and Minimum temperature
likely to be around 30 and 23 degree Celsius respectively.

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