September 11, 2013 / 9:59 AM / 4 years ago

Nagpur Soybean, Soyoil, Soymeal Open- Sep 11

Nagpur, Sept 11 (Reuters) - The slide in groundnut and rapessed oil prices continued unabated in
Vidarbha region of Western Maharashtra for third day today on persistent selling by stockists
amid good supply from producing regions like Gujarath, Tamilandu and Marathwada. Trading
sentiment remained bearish in step with weak global markets. Easy condition in Madhya Pradesh
groundnut oil and reports about bumper groundnut crop in this season because of timely monsoon
also affected prices, sources said Wednesday.

                 *              *              *              *

    VIDARBHA MARKETS
    OILS    
   * Soyabean, cottonseed, sunflower refined, linseed, castor and coconut KP quoted 
     static in sluggish trading activity.
   * Traders expect further fall in groundnut oil here.  

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

  SOYABEAN
   * Soyabean prices in Nagpur APMC showed weak tendency on lack of demand from local 
     crushing plants amid high moisture content arrival. No takers to soyabean oil & 
     soymeal, easy condition in Madhya Pradesh soyabean prices and increased supply from 
     producing regions also pushed down prices, according to sources.

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    32,100-35,200       32,500-35,800         --
    (Available price)
    Market delivery    32,200-35,300       32,600-35,900         --
    (Traders price)
    Plant delivery     35,500-36,000       35,500-36,000         --

    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                   32,100-35,200
    Hinganghat             n.a.               n.a.
    Akola                  100              32,500-35,600
    Amravati               n.a.               n.a. 
    Khamgaon               n.a.               n.a.
    Wardha                 100              32,200-35,000 
    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 - 35,600, Hingoli - 35,500, Jalna - n.a.,
    Koosnoor - 35,900, Malkapur - 35,900, Latur - n.a., Nanded - 36,100, 
    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.            4,100-4,300
    Castor                 n.a.            n.a.            2,700-2,850
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,800-8,000
    Dhaniya                n.a.            n.a.            6,300-6,500 
    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
                                 Wednesday's open   Previous close
    Soyoil refined crushing plant delivery         695            695
    Soyoil solvent crushing plant delivery         655            655
    Cottonseed refined                             680            680
    Cottonseed solvent                             660            660
    Groundnut oil (loose)                          980            1,000
    Groundnut oil refined (15 Litre)               1,670          1,700
    Sunflower oil refined                          930            930
    Linseed oil                                    810            810
    Rapeseed oil (for 15 kg)                       1,180          1,190
    Castor oil (for 15 kg)                         1,220          1,220
    Coconut KP oil (for 15 kg)                     1,425          1,425

    AMRAVATI
    Soyoil refined                                 698            698
    Soyoil Solvent                                 658            658
    Cottonseed refined                             680            680
    Cottonseed solvent                             660            660

    AKOLA
    Soyoil refined                                 696            696
    Soyoil Solvent                                 656            656
    Cottonseed refined oil                         685            685
    Cottonseed solvent oil                         665            665

    DHULIA
    Soyoil refined                                 709            709
    
    AURANGABAD
    Soyoil refined                                 710            710
    JALNA
    Soyoil refined                                 711            711
    LATUR
    Soyoil refined                                 714            714

    NANDED
    Soyoil refined                                 712            715 
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 711, 
    Baramati - 713, Chalisgaon - 711, Pachora - 709, Parbhani - 711,
    Koosnoor - 712, Solapur - 710, Supa - 710, Sangli - 712.

Nagpur soymeal prices in rupees per tonne
                      Wednesday's open     Previous Close
    Soymeal (Nagpur)                32,500-33,000       32,500-33,000
    
    Soymeal prices at other places in Maharashtra : Adilabad - 33,300 
    Akola -32,800, Baramati - n.a., Dhulia - 33,400, Hingoli - 33,700, 
    Jalna - 33,600, Koosnoor - 33,500, Latur - 34,400, Nanded - 33,700,
    Pachora - n.a., Solapur - 33,900, Supa - n.a., Sangli - 34,500


WEATHER (NAGPUR)  
Maximum temp. 33.7 degree Celsius (92.6 degree Fahrenheit), minimum temp.
24.6 degree Celsius (76.12 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : n.a.
FORECAST: Generally cloudy sky. Maximum and Minimum temperature likely to be around 35 and 24
degree Celsius respectively.

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