November 8, 2012 / 8:47 AM / 5 years ago

Nagpur Soybean, Soyoil, Soymeal Open-November 8

Nagpur, Nov 8 (Reuters) - Soyabean oil prices strengthened in Vidarbha region of Western
Maharashtra on increased offtake by vanaspati millers amid festival season demand from local
traders. Short supply from local crushing plants in ready segment and fresh demand from
South-based traders also boosted prices, sources said Thursday.

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    VIDARBHA MARKETS
    OILS
   * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed
     rapeseed, castor and coconut KP oil remained static in sluggish trading activity.
   * Traders expect further rise in soyabean oil as overseas supply reported weak.

    SOYMEAL
   * Prices today firmed up here on increased demand from South-based traders amid tight
     supply from local crushing plants.

     SOYABEAN
   * New soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
     (APMC) reported higher on fresh demand from local crushing plants. Fresh rise in
     soyabean & soymeal prices, upward trend in Madhya Pradesh soyabean prices and
     reported demand from South-based traders also boosted prices.
   * About 50,000 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    27,500-32,700       27,100-32,300         --


    (Available price)
    Market delivery    27,600-32,800       27,200-32,400         --


    (Traders price)
    Plant delivery     33,500-34,000       33,000-33,500         --



    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            10,000           27,500-32,700
    Hinganghat             n.a.               n.a.
    Akola                  5,000              27,000-32,400
    Amravati               3,000              26,900-32,100
    Khamgaon               n.a.               n.a.
    Wardha                 3,000              27,900-32,300
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             3,000              27,400-32,000

    Soyabean prices at other places in Maharashtra : Adilabad - n.a.,
    Baramati - n.a., Dhulia - 32,700 Hingoli - 32,400, Jalna - n.a.,
    Koosnoor - 32,300, Malkapur - 32,800, 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.            4,100-4,300
    Castor                 n.a.            n.a.            2,800-3,000
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.               n.a.            3,500-3,800
    Dhaniya                20            4,300-4,500       4,300-4,500
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.          1,100-1,150

Oil prices in rupees per 10 kilograms:
    NAGPUR
                                 Thursday's open   Previous close
    Soyoil refined crushing plant delivery         688            685
    Soyoil solvent crushing plant delivery         648            645
    Cottonseed refined                             680            680
    Cottonseed solvent                             660            660
    Groundnut oil (loose)                          1,140          1,140
    Groundnut oil refined (15 Litre)               1,930          1,930
    Sunflower oil refined                          780            780
    Linseed oil                                    860            860
    Rapeseed oil (for 15 kg)                       1,260          1,260
    Castor oil (for 15 kg)                         1,170          1,170
    Coconut KP oil (for 15 kg)                     1,200          1,200

    AMRAVATI
    Soyoil refined                                 689            688
    Soyoil Solvent                                 649            648
    Cottonseed refined                             685            685
    Cottonseed solvent                             663            663

    AKOLA
    Soyoil refined                                 690            687
    Soyoil Solvent                                 650            647
    Cottonseed refined oil                         685            685
    Cottonseed solvent oil                         665            665

    DHULIA
    Soyoil refined                                 697            694

    AURANGABAD
    Soyoil refined                                 699            695

    JALNA
    Soyoil refined                                 702            699

    LATUR
    Soyoil refined                                 699            697

    NANDED
    Soyoil refined                                 697            693

    Soyoil refined prices at other places in Maharashtra : Adilabad - 703,
    Baramati - 706, Chalisgaon - 704, Pachora - 704, Parbhani - 706,
    Koosnoor - 703, Solapur - 705, Supa - 705, Sangli - 709.

Nagpur soymeal prices in rupees per tonne
                             Thursday's open    Previous Close
    Soymeal (Nagpur)                27,600-28,000       27,500-27,800

    Soymeal prices at other places in Maharashtra : Adilabad - 28,600
    Akola - 28,200, Baramati - n.a., Dhulia - 28,700, Hingoli - 28,100,
    Jalna - 28,700, Koosnoor - 28,700, Latur - 29,100, Nanded - 28,600,
    Pachora - n.a., Solapur - 28,900, Supa - n.a., Sangli - 29,200-29,500.

WEATHER (NAGPUR)
Maximum temp. 30.7 degree Celsius (87.3 degree Fahrenheit), minimum temp.
14.2 degree Celsius (57.6 degree Fahrenheit)
Humidity: Highest - 95 per cent, lowest - 45 per cent.
Rainfall :  .0 mm
FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 31 and 13 degree
Celsius respectively.

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