June 1, 2013 / 10:03 AM / 4 years ago

Nagpur Soybean, Soyoil, Soymeal Open- Jun 01

June 1 (Reuters) - In range-bound trade, soyabean, cottonseed and castor oil prices declined
sharply at the Vidarbha region of Western Maharashtra on subdued demand at prevailing levels
amid weak trend in overseas markets. Sentiment turned bearish after  Malaysian palm oil fell by
about two dollar per tonne in a day. Easy condition in Madhya Pradesh soyabean oil prices also
affected sentiment, sources said Saturday.

                 *              *              *              *

    VIDARBHA MARKETS
    OILS
   * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed and coconut
     KP oil prices ruled steady in weak trading activity.
   * Traders expect further fall in soyabean oil as here as overseas soya digam arrival
     reported high.

   SOYMEAL
   * Soymeal prices today ruled steady here but demand was poor in thin trading activity.

   SOYABEAN
   * Soyabean prices move down in Nagpur APMC on poor demand from local crushing plants
     amid high moisture content arrival Fresh fall in soyabean oil, no takers to soymeal
     and downward trend in Madhya Pradesh soyabean prices also affected sentiment in thin
     trading activity.

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    33,500-35,000       34,000-36,000         --


    (Available price)
    Market delivery    33,600-35,100       34,100-36,7100         --


    (Traders price)
    Plant delivery     39,700-40,000       40,000-40,300         --



    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            200                   33,500-35,000
    Hinganghat             n.a.               n.a.
    Akola                  100              34,000-36,200
    Amravati               100              33,900-35,500
    Khamgaon               n.a.               n.a.
    Wardha                 100              34,100-35,800
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             n.a.              n.a.

    Soyabean prices at other places in Maharashtra : Adilabad - n.a.,
    Baramati - n.a., Dhulia - 36,200, Hingoli - 36,500, Jalna - n.a.,
    Koosnoor - 37,000, Malkapur - 36,800, Latur - n.a., Nanded - 37,000,
    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.            4,300-4,500
    Castor                 n.a.            n.a.            2,800-3,000
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,800-8,000
    Dhaniya                n.a.            n.a.            6,400-6,900
    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
                                 Saturday's open   Previous close
    Soyoil refined crushing plant delivery         706            709
    Soyoil solvent crushing plant delivery         665            669
    Cottonseed refined                             680            690
    Cottonseed solvent                             655            665
    Groundnut oil (loose)                          1,265          1,265
    Groundnut oil refined (15 Litre)               2,095          2,095
    Sunflower oil refined                          930            930
    Linseed oil                                    790            790
    Rapeseed oil (for 15 kg)                       1,080          1,080
    Castor oil (for 15 kg)                         1,200          1,220
    Coconut KP oil (for 15 kg)                     1,310          1,310

    AMRAVATI
    Soyoil refined                                 703            705
    Soyoil Solvent                                 663            665
    Cottonseed refined                             680            690
    Cottonseed solvent                             660            670

    AKOLA
    Soyoil refined                                 702            703
    Soyoil Solvent                                 660            661
    Cottonseed refined oil                         682            692
    Cottonseed solvent oil                         662            672

    DHULIA
    Soyoil refined                                 713            715

    AURANGABAD
    Soyoil refined                                 713            717

    JALNA
    Soyoil refined                                 715            716

    LATUR
    Soyoil refined                                 712            716

    NANDED
    Soyoil refined                                 713            717

    Soyoil refined prices at other places in Maharashtra : Adilabad - 720,
    Baramati - 716, Chalisgaon - 716, Pachora - 717, Parbhani - 715,
    Koosnoor - 718, Solapur - 718, Supa - 720, Sangli - 720.

Nagpur soymeal prices in rupees per tonne
                             Saturday's open      Previous Close
    Soymeal (Nagpur)                33,100-33,400         33,100-33,400

    Soymeal prices at other places in Maharashtra : Adilabad - 33,500
    Akola - 33,300, Baramati - n.a., Dhulia - 34,000, Hingoli - 33,800,
    Jalna - 34,100, Koosnoor - 34,000, Latur - 33,900, Nanded - 33,700
    Pachora - n.a., Solapur - 34,500, Supa - n.a., Sangli - 35,500

WEATHER (NAGPUR)
Maximum temp. 43.7 degree Celsius (110.6 degree Fahrenheit), minimum temp.
26.7 degree Celsius (80.1 degree Fahrenheit)
Humidity: Highest - n.a., n.a.
Rainfall :  .8 mm.
FORECAST: Generally cloudy sky with possibility of rains or thundershowers toward evening or
night. Maximum and Minimum temperature likely to be around 43 and 27 degree Celsius
respectively.

Note: n.a.--not available

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