February 3, 2014 / 9:23 AM / 4 years ago

Nagpur Soybean, Soyoil, Soymeal Open-Feb 03

Nagpur, Feb 3 (Reuters) - Soyabean and cottonseed oil prices dipped up at the Vidarbha region of
Western Maharashtra today on considerable fall in demand at prevailing levels, amid weak trends
in overseas markets. Fresh fall on NCDEX in soyabean oil and downward trend in Madhya Pradesh
edible oil prices also affected sentiment, according to sources.

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    VIDARBHA MARKETS
    OILS     
   * Groundnut loose, groundnut refined, castor, linseed, rapeseed and coconut KP oil 
     quoted static in sluggish trading activity. 
   * Traders expect further fall in soyabean oil as overseas supply 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) moved 
     down on poor buying support from local crushing plants amid high moisture content 
     arrival Fresh fall in soyabean oil, no takers to soymeal, downward trend on NCDEX 
     and easy condition in Madhya Pradesh soyabean prices also pushed down prices. Nearly 
     5,000 soyabean bags reported for auction in all over Vidarbha, according 
     to sources. 

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    27,500-37,500       28,000-37,800          --
    (Available price)
    Market delivery    27,600-37,600       28,100-37,900          --
    (Traders price)
    Plant delivery     35,600-36,000       35,600-36,000          --

    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
    Hinganghat             n.a.               n.a.
    Akola                  700              26,300-36,800
    Amravati               500                26,800-37,000 
    Khamgaon               n.a.               n.a.
    Wardha                 700              26,600-37,000 
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             500              26,200-36,800

    Soyabean prices at other places in Maharashtra : Adilabad - n.a., 
    Baramati - n.a., Dhulia - 37,100, Hingoli - 37,400, Jalna - n.a.,
    Koosnoor - 37,200, Malkapur - 37,500, Latur - n.a., Nanded (new) - 36,700, 
    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) Dhan arrival (75 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.            4,400-4,800
    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                10            6,400-6,600       6,600-6,800 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.          1,100-1,150
    Dhan            n.a.           n.a.            1,550-2,462
     
Oil prices in rupees per 10 kilograms:
    NAGPUR
                                 Monday's open   Previous close    
    Soyoil refined crushing plant delivery         670            676
    Soyoil solvent crushing plant delivery         630            634    
    Cottonseed refined                             655            660
    Cottonseed solvent                             635            640
    Groundnut oil (loose)                          790            790
    Groundnut oil refined (15 Litre)               1,380          1,380
    Sunflower oil refined                          800            810
    Linseed oil                                    870            870
    Rapeseed oil (for 15 kg)                       1,180          1,180
    Castor oil (for 15 kg)                         1,380          1,380
    Coconut KP oil (for 15 kg)                     1,880          1,880

    AMRAVATI
    Soyoil refined                                 669            675
    Soyoil Solvent                                 629            633 
    Cottonseed refined                             656            662
    Cottonseed solvent                             636            642
    AKOLA
    Soyoil refined                                 670            676
    Soyoil Solvent                                 630            635        
    Cottonseed refined oil                         655            661
    Cottonseed solvent oil                         635            640

    DHULIA
    Soyoil refined                                 680            686    
    AURANGABAD
    Soyoil refined 
                                                677            682
    JALNA
    Soyoil refined 
                                                   681            684
    NANDED
    Soyoil refined                                 680            685 
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 683, 
    Baramati - 681, Chalisgaon - 682, Pachora - 680, Parbhani - 685,
    Koosnoor - 682, Solapur - 683, Supa - 681, Sangli - 686.

Nagpur soymeal prices in rupees per tonne
                        Monday's open    Previous Close
    Soymeal (Nagpur)                 33,900-34,500      33,900-34,500
    
    Soymeal prices at other places in Maharashtra : Adilabad - 34,300 
    Akola -34,100, Baramati - n.a., Dhulia - 34,000, Hingoli - 33,800, 
    Jalna - 34,200, Koosnoor - 34,000, Latur - 34,500, Nanded - 34,200,
    Pachora - n.a., Solapur - 34,800, Supa - n.a., Sangli - 36,000

WEATHER (NAGPUR)  
Maximum temp. 30.0 degree Celsius (86.0 degree Fahrenheit), minimum temp.
12.4 degree Celsius (54.3 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 30 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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