Nagpur Soybean, Soyoil, Soymeal Open-May 30
Nagpur, May 30 (Reuters) - Barring a fall in Rapeseed oil, major edible oil prices today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any worthwhile trading activity. Slackness in demand from millers and retailers against adequate stocks mainly pulled Rapeseed oil prices down. Easy condition on international edible oil market also affected sentiment, sources said Saturday
* * * *
VIDARBHA MARKETS
OILS
* Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower
refined, Linseed, Castor and Coconut KP oil prices ruled steady on
subdued demand from retailers as well as bulk consumers.
* Traders expect nearly steady trend in major edible oil in Vidarbha.
SOYMEAL
* Prices today quoted firm on renewed demand from South-based traders amid
tight supply from local crushing plants.
SOYABEAN
* Soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
(APMC) quoted higher on good seasonal demand from local crushing
plants amid weak arrival from producing region. Good demand from South- based crushing plants and further hike in Madhya Pradesh soya prices
also helped to push up soyabean prices.
* About 2,000 bags reported for auction in major soya mandi in
Vidarbha, sources said Saturday.
Nagpur soybean prices in rupees/tonne:
-----Soybean yellow----- Soybean black
Saturday's Previous
Available price (Auction price)
Market delivery 23,800-25,500 23,800-25,300 --
(Available price)
Market delivery 23,900-25,600 23,900-25,400 --
(Traders price)
Plant delivery 25,700-26,000 25,700-26,000 --
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
Nagpur 1,000 23,800-25,500
Hinganghat n.a. n.a.
Akola 300 23,800-25,400
Amravati 100 24,000-25,800
Khamgaon n.a. n.a.
Wardha n.a. n.a.
Arvi n.a. n.a.
Umred n.a. n.a.
Chandrapur 100 24,000-25,500
Sunflower arrivals (in 50-kg bag), Rapeseed (in 40 Kg bag), groundnut and Dhaniya arrivals (in 40 kg bag), linseed arrival (90 kg bag) and prices (in rupees per 100 kilogram) in Nagpur, according to APMC sources:
Deliveries Available prices Previous close
Sunflower n.a. n.a. 2,500-2,650
Groundnut n.a. n.a. 1,400-1,520
Linseed n.a. n.a. 3,400-3,500
Castor n.a. n.a. 2,200-2,300
Rapeseed n.a. n.a. 1,520-1,625
Til n.a. n.a. 3,300-3,400
Dhaniya n.a. n.a. 3,400-3,500
Bajra n.a. n.a. n.a. Oil prices in rupees per 10 kilograms:
NAGPUR
Saturday's open Previous close
Soyoil refined crushing plant delivery 472 470
Soyoil refined market delivery 470 468
Soyoil solvent crushing plant delivery 430 433
Soyoil solvent market delivery 428 428
Cottonseed refined 465 465
Cottonseed solvent 445 445
Groundnut oil (loose) 600 600
Groundnut oil refined (15 Litre) 1,045 1,045
Sunflower oil refined 520 520
Linseed oil 590 590
Rapeseed oil (for 15 kg) 820 830
Castor oil (for 15 kg) 870 870
Coconut KP oil 1,070 1,070
AMRAVATI
Soyoil refined 470 470
Soyoil Solvent 430 430
Cottonseed refined 468 468
Cottonseed solvent 448 448
AKOLA
Soyoil refined 472 472
Soyoil Solvent 442 442
Cottonseed refined oil 470 470
Cottonseed solvent oil 450 450
DHULIA
Soyoil refined 472 472
AURANGABAD
Soyoil refined 470 470
JALNA
Soyoil refined 469 469
LATUR
Soyoil refined 474 474
NANDED
Soyoil refined 473 473
Soyoil refined prices at other places in Maharashtra : Adilabad - 475,
Baramati - 472, Parbhani - 476, Koosnoor - 472, Pachora - 476, Solapur -
478, Supa - 476, Sangli - 480. Nagpur soymeal prices in rupees per tonne
Saturday's open Previous Close
Soymeal (Nagpur) 22,200-22,500 22,000-22,300
Soymeal prices at other places in Maharashtra : Adilabad - 22,700, Akola - 22,500, Baramati - n.a., Dhulia - 22,700, Hingoli - 23,000, Koosnoor - n.a., Latur - 22,600, Nanded - 23,000, Pachora - n.a., Solapur - 22,900,
Supa - n.a., Sangli - 24,800. WEATHER (Nagpur): Maximum temp. 45.4 degree Celsius (111.2 degree Fahrenheit), minimum temp. 31.2 degree Celsius (88.2 degree Fahrenheit) Humidity: Highest - 34 per cent, lowest - 19 per cent. FORECAST: Partly cloudy sky with chance of rains towards evening. Maximum and Minimum temperature likely to be around 44 and 30 degree Celsius respectively. Note: n.a.--not available Rapeseed is also known as mustard seed. (For oils, transport costs are excluded from plant delivery prices, but included in market prices.) ((Global Dial 25-33527(Internal use only).Bangalore Commodity Desk, +91-080 6677 3545, e-mail commodities@thomsonreuters.com))
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