March 7, 2014 / 10:38 AM / 4 years ago

Nagpur Soybean, Soyoil, Soymeal Open- Mar 07

Nagpur, Mar 7 (Reuters) - Sunflower and rapeseed oil prices strengthened in Vidarbha region of
Western Maharashtra on increased offtake by vanaspati millers amid a firming global trend.
Buying activity in edible oils picked up as Malaysian palm oil and American soya digam climbed
in overseas markets. Good rise on NCDEX in soyabean oil and reported demand from South-based
traders also boosted prices, sources said Friday.

                *              *              *              *

    VIDARBHA MARKETS
    OILS  
   * Soyabean, cottonseed, groundnut loose, groundnut refined, linseed, castor and 
     coconut KP oil remained steady in thin trading activity here. 
   * Traders expect further hike in rapeseed oil.   

   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) zoomed 
     up once again on increased demand from local crushing plants amid tight supply from 
     producing regions. Reports about sharp rise international soyabean prices, healthy 
     hike on NCDEX and repeated enquiries from South-based plants also pushed up prices,
     according to sources. 

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    32,000-42,400       31,300-42,200          --
    (Available price)
    Market delivery    32,100-42,100       31,400-42,300          --
    (Traders price)
    Plant delivery     43,500-44,000       43,000-43,500          --

    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                  200              31,600-41,700
    Amravati               100                30,900-41,600 
    Khamgaon               n.a.               n.a.
    Wardha                 100              31,200-41,900 
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             100              31,200-42,000

    Soyabean prices at other places in Maharashtra : Adilabad - n.a., 
    Baramati - n.a., Dhulia - 42,800, Hingoli - 42,700, Jalna - n.a.,
    Koosnoor - 42,500, Malkapur - 42,700, Latur - n.a., Nanded (new) - 42,100, 
    Washim - 42,400, 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.            4,300-4,500
    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.            6,400-6,600 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.          1,100-1,150
    Dhan            n.a.            n.a.            1,800-2,211
     
Oil prices in rupees per 10 kilograms:
    NAGPUR
                                 Friday's open   Previous close    
    Soyoil refined crushing plant delivery         720            720
    Soyoil solvent crushing plant delivery         680            680    
    Cottonseed refined                             710            710
    Cottonseed solvent                             690            690
    Groundnut oil (loose)                          790            790
    Groundnut oil refined (15 Litre)               1,360          1,360
    Sunflower oil refined                          770            760
    Linseed oil                                    900            900
    Rapeseed oil (for 15 kg)                       1,210          1,190
    Castor oil (for 15 kg)                         1,350          1,350
    Coconut KP oil (for 15 kg)                     2,050          2,050

    AMRAVATI
    Soyoil refined                                 718            718
    Soyoil Solvent                                 678            678 
    Cottonseed refined                             705            705
    Cottonseed solvent                             685            685
    AKOLA
    Soyoil refined                                 718            718
    Soyoil Solvent                                 678            678        
    Cottonseed refined oil                         707            707
    Cottonseed solvent oil                         688            688

    DHULIA
    Soyoil refined                                 730            730    
    AURANGABAD
    Soyoil refined 
                                                728            728
    JALNA
    Soyoil refined 
                                                   731            731
    NANDED
    Soyoil refined                                 730            730
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 730, 
    Baramati - 727, Chalisgaon - 728, Pachora - 724, Parbhani - 726,
    Koosnoor - 731, Solapur - 731, Supa - 728, Sangli - 734.

Nagpur soymeal prices in rupees per tonne
                        Friday's open    Previous Close
    Soymeal (Nagpur)                 36,500-37,000      36,500-37,000
    
    Soymeal prices at other places in Maharashtra : Adilabad - 37,800 
    Akola -36,800, Baramati - n.a., Dhulia - 37,200, Hingoli - 37,100, 
    Jalna - 37,500, Koosnoor - 37,900, Latur - 37,400, Nanded - 37,500,
    Pachora - n.a., Solapur - 37,700, Supa - n.a., Sangli - 38,600

WEATHER (NAGPUR)  
Maximum temp. 26.7 degree Celsius (80.0 degree Fahrenheit), minimum temp.
17.5 degree Celsius (63.5 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : n.a.
FORECAST: Partly cloudy sky. Rains or thunder-showers likely towards evening or night. Maximum
and Minimum temperature likely to be around 27 and 17 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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