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Nagpur Soybean, Soyoil, Soymeal Open - June 20
June 20, 2013 / 9:18 AM / 4 years ago

Nagpur Soybean, Soyoil, Soymeal Open - June 20

Nagpur, June 20 (Reuters) - Soyabean and cottonseed oil prices rose in Vidarbha region of
Western Maharashtra on fresh buying by Vansaspati millers for the marriage season amid a firming
global trend. Sentiment also improved after American soya digam and palm oil climbed in
Malaysian oil market. Notable hike on NCDEX, healthy rise in Madhya Pradesh soyabean oil,
reported demand from South-based traders and weak overseas supply also fuelled these oil price,
according to sources.

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    VIDARBHA MARKETS
    OILS
   * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed
     castor and coconut KP oils quoted steady in limited deals.
   * Traders expect further rise in soyabean oil.

   SOYMEAL
   * Prices today ruled steady here but demand was poor. About two dollar per tonne fall
     in American soymeal prices also affected sentiment.

   SOYABEAN
   * Soyabean prices showed firm tendency in Nagpur APMC on increased seasonal
     buying support from local crushing plants amid weak supply from producing belts
     because of rains. Sharp rise in soyabean oil, upward trend on NCDEX, further hike in
     Madhya Pradesh soyabean prices and reported demand from South-based crushing plants
     also jacked up prices, according to sources.

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    38,000-41,000       37,800-40,100         --


    (Available price)
    Market delivery    38,100-41,100       37,900-40,200         --


    (Traders price)
    Plant delivery     41,000-41,500       40,300-41,000         --



    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            100                   38,000-41,000
    Hinganghat             n.a.               n.a.
    Akola                  100              37,600-40,400
    Amravati               n.a.               n.a.
    Khamgaon               n.a.               n.a.
    Wardha                 100              37,600-40,400
    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 - 41,200, Hingoli - 41,900, Jalna - n.a.,
    Koosnoor - 40,500, Malkapur - 40,000, Latur - n.a., Nanded - 41,100,
    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.            2,400-2,600
    Groundnut              n.a.            n.a.            700-900
    Linseed                n.a.            n.a.            4,300-4,500
    Castor                 n.a.            n.a.            2,700-2,900
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,800-8,000
    Dhaniya                n.a.            n.a.            6,200-6,400
    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         718            712
    Soyoil solvent crushing plant delivery         678            674
    Cottonseed refined                             695            690
    Cottonseed solvent                             675            670
    Groundnut oil (loose)                          1,160          1,160
    Groundnut oil refined (15 Litre)               1,940          1,940
    Sunflower oil refined                          900            900
    Linseed oil                                    770            770
    Rapeseed oil (for 15 kg)                       1,150          1,150
    Castor oil (for 15 kg)                         1,210          1,210
    Coconut KP oil (for 15 kg)                     1,230          1,230

    AMRAVATI
    Soyoil refined                                 715            708
    Soyoil Solvent                                 675            668
    Cottonseed refined                             695            690
    Cottonseed solvent                             675            670

    AKOLA
    Soyoil refined                                 715            710
    Soyoil Solvent                                 675            670
    Cottonseed refined oil                         698            695
    Cottonseed solvent oil                         678            675

    DHULIA
    Soyoil refined                                 725            718

    AURANGABAD
    Soyoil refined                                 726            722

    JALNA
    Soyoil refined                                 725            725
    LATUR
    Soyoil refined                                 727            721

    NANDED
    Soyoil refined                                 728            723

    Soyoil refined prices at other places in Maharashtra : Adilabad - 729,
    Baramati - 727, Chalisgaon - 730, Pachora - 727, Parbhani - 729,
    Koosnoor - 732 Solapur - 730, Supa - 732, Sangli - 734.

Nagpur soymeal prices in rupees per tonne
                            Thursday's open     Previous Close
    Soymeal (Nagpur)               36,200-36,800        36,200-36,800

    Soymeal prices at other places in Maharashtra : Adilabad - 36,400
    Akola -36,000, Baramati - n.a., Dhulia - 36,500, Hingoli - 37,000,
    Jalna - 36,900, Koosnoor - 37,200, Latur - 36,900, Nanded - 37,200
    Pachora - n.a., Solapur - 37,300, Supa - n.a., Sangli - 38,200

WEATHER (NAGPUR)
Maximum temp. 36.0 degree Celsius (96.8 degree Fahrenheit), minimum temp.
26.7 degree Celsius (80.1 degree Fahrenheit)
Humidity: Highest - 92 per cent, lowest - 52 per cent
Rainfall : nil
FORECAST: Generally cloudy sky with rains or thunder-showers likely towards evening or night.
Maximum and Minimum temperature likely to be around 36 and 26 degree Celsius respectively.

Note: n.a.--not available

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