Nagpur Soybean, Soyoil, Soymeal Open-June 27
Nagpur, June 27 (Reuters) - Steady condition developed in major edible oils in Vidarbha region of Western Maharashtra following restricted arrival against sporadic demand. Sufficient ready stocks position compared to current demand largely held prices around overnight levels. Easy condition on international oil market also affected sentiment, sources said Saturday.
* * * *
VIDARBHA MARKETS
OILS
* Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower
refined, Linseed, Rapeseed, 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 showed firm tendency in Vidarbha on good buying support from
South-based traders. About seven dollar per tonne rise in Chicago soymeal
prices also boosted sentiment.
SOYABEAN
* Soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
(APMC) reported higher on good buying support from local crushing
plants amid weak arrival from producing belt because of rains in parts of
Vidabha. Notable hike in soymeal, upward trend in Madhya Pradesh soybean
prices and fresh demand from South-based crudhing plants also helped to
push up soyabean in Vidarbha.
* High moisture content (about 15 per cent) soya was available at Rs 22,200
per tonne in Nagpur.
* About 1,500 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 23,300-24,700 23,000-24,700 --
(Available price)
Market delivery 23,400-24,800 23,100-24,800 --
(Traders price)
Plant delivery 25,200-25,700 25,000-25,500 --
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 700 23,300-24,700
Hinganghat n.a. n.a.
Akola 300 23,500-24,800
Amravati 100 23,800-25,000
Khamgaon n.a. n.a.
Wardha n.a. n.a.
Arvi n.a. n.a.
Umred n.a. n.a.
Chandrapur 100 23,500-24,700
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. 1,900-2,000
Groundnut n.a. n.a. 1,400-1,520
Linseed n.a. n.a. 3,400-3,500
Castor n.a. n.a. 2,100-2,200
Rapeseed n.a. n.a. 1,520-1,625
Til n.a. n.a. 3,300-3,400
Dhaniya n.a. n.a. 4,500-4,600
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 475 475
Soyoil refined market delivery 473 473
Soyoil solvent crushing plant delivery 435 435
Soyoil solvent market delivery 433 433
Cottonseed refined 465 465
Cottonseed solvent 445 445
Groundnut oil (loose) 600 600
Groundnut oil refined (15 Litre) 1,030 1,030
Sunflower oil refined 485 485
Linseed oil 560 560
Rapeseed oil (for 15 kg) 795 795
Castor oil (for 15 kg) 870 870
Coconut KP oil 1,040 1,040
AMRAVATI
Soyoil refined 471 471
Soyoil Solvent 431 431
Cottonseed refined 465 465
Cottonseed solvent 445 445
AKOLA
Soyoil refined 476 476
Soyoil Solvent 436 436
Cottonseed refined oil 468 468
Cottonseed solvent oil 447 447
DHULIA
Soyoil refined 487 487
AURANGABAD
Soyoil refined 481 481
JALNA
Soyoil refined 480 480
LATUR
Soyoil refined 478 478
NANDED
Soyoil refined 480 480
Soyoil refined prices at other places in Maharashtra : Adilabad - 481,
Baramati - 484, Parbhani - 482, Koosnoor - 477, Pachora - 485, Solapur -
485, Supa - 480, Sangli - 488. Nagpur soymeal prices in rupees per tonne
Saturday's open Previous Close
Soymeal (Nagpur) 21,100-21,400 20,900-21,200
Soymeal prices at other places in Maharashtra : Adilabad - 21,600, Akola -
21,400, Baramati - n.a., Dhulia - 21,700, Hingoli - 21,900, Koosnoor -
n.a., Latur - 21,500, Nanded - 22,000, Pachora - n.a., Solapur - 21,800,
Supa - n.a., Sangli - 23,500. WEATHER (Nagpur): Maximum temp. 35.3 degree Celsius (95.5 degree Fahrenheit), minimum temp. 25.1 degree Celsius (77.2 degree Fahrenheit) Humidity: Highest - 87 per cent, lowest - 51 per cent. FORECAST: Partly cloudy sky with chance of rains. Maximum and Minimum temperature likely to be around 38 and 26 degree Celsius respectively. RAINFALL (in mm) : Nagpur - 2.2, Bramhapuri - 7.2, Buldana - 6.6, Chandrapur - 38.5, Gondia - 3.2, Washim - 12.0, Wardha - 7.0, Yavatmal - 11.4. 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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