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Nagpur Soybean, Soyoil, Soymeal Open- Jan 04
January 4, 2014 / 9:24 AM / 4 years ago

Nagpur Soybean, Soyoil, Soymeal Open- Jan 04

Nagpur, Jan 4 (Reuters) - In range-bound trade, edible oil prices fell up at the Vidarbha region
of Western Maharashtra today largely on reduced offtake amid weak global trend. Sentiment turned
bearish after palm oil fell for a sixth day, the longest losing streak. Fresh fall in American
soya digam prices and easy condition on NCDEX also pushed down prices, according to sources.

                *              *              *              *

    VIDARBHA MARKETS
    OILS     
   * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined and 
     rapeseed oils today suffered heavily here in absence of buyers amid profit-taking 
     selling by stockists at higher level. Easy condition in Madhya Pradesh edible oil 
     prices also affected sentiment.
   * Linseed, castor and coconut KP oil prices ruled steady in sluggish
     trading activity. 
   * Traders expect further fall in major edible oils as overseas arrival reported high.  

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

   SOYABEAN
   * Soyabean prices in Nagpur Agriculture Produce and Marketing Committee (APMC) showed 
     weak tendency on poor demand from local crushing plants amid poor quality arrival. 
     Fresh fall in soyabean oil, no takers to soymeal and easy condition in Madhya 
     Pradesh soyabean prices also affected prices in weak trading activity, according to 
     sources. 

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    26,200-37,500       26,500-37,500         --
    (Available price)
    Market delivery    26,300-37,600       26,600-37,600         --
    (Traders price)
    Plant delivery     36,700-37,000       37,000-37,400         --

    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            2,500            26,200-37,500
    Hinganghat             n.a.               n.a.
    Akola                  1,000              25,600-36,900
    Amravati               1,000              26,000-37,400 
    Khamgaon               n.a.               n.a.
    Wardha                 1,000              25,400-37,000 
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             1,000              26,000-37,000

    Soyabean prices at other places in Maharashtra : Adilabad - n.a., 
    Baramati - n.a., Dhulia - 36,600, Hingoli - 37,700, Jalna - n.a.,
    Koosnoor - 37,100, Malkapur - 37,200, Latur - n.a., Nanded (new) - 36,600, 
    Washim - 36,300, 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
                                 Saturday's open   Previous close    
    Soyoil refined crushing plant delivery         677            680
    Soyoil solvent crushing plant delivery         637            641
    Cottonseed refined                             662            665
    Cottonseed solvent                             643            645
    Groundnut oil (loose)                          850            860
    Groundnut oil refined (15 Litre)               1,450          1,460
    Sunflower oil refined                          880            890
    Linseed oil                                    860            860
    Rapeseed oil (for 15 kg)                       1,220          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            676
    Soyoil Solvent                                 633            637 
    Cottonseed refined                             662            665
    Cottonseed solvent                             642            646

    AKOLA
    Soyoil refined                                 673            677
    Soyoil Solvent                                 633            636        
    Cottonseed refined oil                         663            665
    Cottonseed solvent oil                         643            645

    DHULIA
    Soyoil refined                                 684            686
    
    AURANGABAD
    Soyoil refined 
                                                683            687
    JALNA
    Soyoil refined 
                                                   683            684
    NANDED
    Soyoil refined                                 685            687 
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 686, 
    Baramati - 688, Chalisgaon - 683, Pachora - 684, Parbhani - 686,
    Koosnoor - 684, Solapur - 685, Supa - 683, Sangli - 687.

Nagpur soymeal prices in rupees per tonne
                        Saturday's open    Previous Close
    Soymeal (Nagpur)                 32,800-33,200       32,800-33,200
    
    Soymeal prices at other places in Maharashtra : Adilabad - 33,300 
    Akola -33,000, Baramati - n.a., Dhulia - 33,700, Hingoli - 34,000, 
    Jalna - 33,500, Koosnoor - 33,000, Latur - 33,900, Nanded - 33,500,
    Pachora - n.a., Solapur - 33,300, Supa - n.a., Sangli - 33,700

WEATHER (NAGPUR)  
Maximum temp. 29.0 degree Celsius (84.2 degree Fahrenheit), minimum temp.
12.6 degree Celsius (54.7 degree Fahrenheit)
Humidity: Highest - 93 per cent, lowest - 32 per cent.
Rainfall : nil
FORECAST: Clear sky. Maximum and Minimum temperature likely to be around 29 and 13 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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