December 31, 2013 / 9:26 AM / 4 years ago

Nagpur Soybean, Soyoil, Soymeal Open-Dec 31

Nagpur, Dec 31 (Reuters) - In range-bound trade, soyabean oil prices moved down at the
Vidarbha region of Western Maharashtra today largely on reduced offtake amid weak global trend.
Sentiment turned bearish after American soya digam reported downward trend. Fresh fall on NCDEX
in soyabean oil and easy condition in Madhya Pradesh soyabean oil also affected sentiment,
according to sources.

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

   SOYMEAL
   * Prices today ruled steady here on subdued demand from local traders in thin trading 
     activity.

   SOYABEAN
   * Soyabean prices in Nagpur Agriculture Produce and Marketing Committee (APMC) 
     reported higher on increased demand from local crushing plants amid weak supply from 
     producing belts. Fresh rise in Madhya Pradesh soyabean prices and reported demand 
     from South-based plants also boosted prices, according to sources.

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    27,000-38,200       26,800-38,000         --
    (Available price)
    Market delivery    27,100-38,300       26,900-38,100         --
    (Traders price)
    Plant delivery     37,700-38,000       37,700-38,000         --

    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            4,000            27,000-38,200
    Hinganghat             n.a.               n.a.
    Akola                  2,000              26,100-37,600
    Amravati               1,000              26,500-37,100 
    Khamgaon               n.a.               n.a.
    Wardha                 1,000              26,000-37,200 
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             1,000              25,900-37,600

    Soyabean prices at other places in Maharashtra : Adilabad - n.a., 
    Baramati - n.a., Dhulia - 37,600, Hingoli - 37,700, Jalna - n.a.,
    Koosnoor - 37,500, Malkapur - 37,500, Latur - n.a., Nanded (new) - 36,800, 
    Washim - 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.            2,400-2,600
    Groundnut              n.a.            n.a.            700-900
    Linseed                n.a.            n.a.            4,200-4,400
    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.            6,500-6,700 
    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
                                 Tuesday's open   Previous close    
    Soyoil refined crushing plant delivery         675            678
    Soyoil solvent crushing plant delivery         635            638
    Cottonseed refined                             665            665
    Cottonseed solvent                             645            645
    Groundnut oil (loose)                          860            860
    Groundnut oil refined (15 Litre)               1,460          1,460
    Sunflower oil refined                          890            890
    Linseed oil                                    860            860
    Rapeseed oil (for 15 kg)                       1,240          1,240
    Castor oil (for 15 kg)                         1,400          1,400
    Coconut KP oil (for 15 kg)                     1,860          1,860

    AMRAVATI
    Soyoil refined                                 673            675
    Soyoil Solvent                                 633           635 
    Cottonseed refined                             665            665
    Cottonseed solvent                             650            650

    AKOLA
    Soyoil refined                                 673            676
    Soyoil Solvent                                 635            635        
    Cottonseed refined oil                         665            665
    Cottonseed solvent oil                         645            645

    DHULIA
    Soyoil refined                                 681            685
    
    AURANGABAD
    Soyoil refined 
                                                683           685
    JALNA
    Soyoil refined 
                                                   684            686
    NANDED
    Soyoil refined                                 683            685 
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 688, 
    Baramati - 689, Chalisgaon - 685, Pachora - 684, Parbhani - 680,
    Koosnoor - 685, Solapur - 686, Supa - 684, Sangli - 688.

Nagpur soymeal prices in rupees per tonne
                        Tuesday's open    Previous Close
    Soymeal (Nagpur)                 33,000-33,300     33,000-33,300
    
    Soymeal prices at other places in Maharashtra : Adilabad - 33,300 
    Akola -33,100, Baramati - n.a., Dhulia - 33,700, Hingoli - 34,000, 
    Jalna - 33,500, Koosnoor - 34,000, Latur - 33,900, Nanded - 33,900,
    Pachora - n.a., Solapur - 34,300, Supa - n.a., Sangli - 34,800

WEATHER (NAGPUR)  
Maximum temp. 28.2 degree Celsius (82.8 degree Fahrenheit), minimum temp.
13.6 degree Celsius (56.5 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : nil
FORECAST: Clear sky. Maximum and Minimum temperature likely to be around 29 and 123 degree
Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)
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