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Nagpur Soybean, Soyoil, Soymeal Open- June 03
June 3, 2014 / 9:28 AM / in 3 years

Nagpur Soybean, Soyoil, Soymeal Open- June 03

Nagpur, June 3 (Reuters) - Select edible 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. Sentiment turned weak as Malaysian palm oil and American soya digam
reported weak. 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 and sunflower refined oil today opened on weak
     note on poor buying support from local traders amid increased supply from producing 
     regions like Marathwada and Gujarath.
   * Soyabean, cottonseed, linseed, rapeseed, castor and coconut KP oil ruled steady in 
     thin trading activity.
   * Traders expect easy condition in groundnut oil here.
    
   SOYMEAL
   * Prices today quoted static here in absence of buyers amid good availability of stock 
     in ready position.  

   SOYABEAN
   * Soyabean prices in Nagpur Agriculture Produce and Marketing Committee (APMC) showed 
     weak tendency on lack of demand from local crushing plants amid poor quality arrival. 
     No takers to soybean oil & soymeal, easy condition on NCDEX, downward trend in 
     Madhya Pradesh soyabean prices and fresh fall in overseas soyabean prices also 
     pulled down prices in limited deals, according to sources. 

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    37,000-44,500       37,300-44,800          --
    (Available price)
    Market delivery    37,100-44,600       37,400-44,900          --
    (Traders price)
    Plant delivery     46,000-46,500       46,000-46,500          --

    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                  100              36,700-44,200
    Amravati               100                37,000-43,500 
    Khamgaon               n.a.               n.a.
    Wardha                 100              36,400-44,000 
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             100              36,700-44,200

    Soyabean prices at other places in Maharashtra : Adilabad - n.a., 
    Baramati - n.a., Dhulia - 45,000, Hingoli - 44,800, Jalna - n.a.,
    Koosnoor - 44,400, Malkapur - 44,300, Latur - n.a., Nanded (new) - 44,800, 
    Washim - 44,500, 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.            4,200-4,400
    Castor                 n.a.            n.a.            2,700-2,850
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,500-8,000
    Dhaniya                n.a.            n.a.            6,400-6,700 
    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
                                 Tuesday's open   Previous close    
    Soyoil refined crushing plant delivery         675            675
    Soyoil solvent crushing plant delivery         635            635    
    Cottonseed refined                             655            655
    Cottonseed solvent                             635            635
    Groundnut oil (loose)                          790            800
    Groundnut oil refined (15 Litre)               1,350          1,360
    Sunflower oil refined                          770            780
    Linseed oil                                    770            770
    Rapeseed oil (for 15 kg)                       1,130          1,130
    Castor oil (for 15 kg)                         1,340          1,340
    Coconut KP oil (for 15 kg)                     2,650          2,650

    AMRAVATI
    Soyoil refined                                 670            670
    Soyoil Solvent                                 630            630 
    Cottonseed refined                             655            655
    Cottonseed solvent                             635            639
    AKOLA
    Soyoil refined                                 672            672
    Soyoil Solvent                                 632            632        
    Cottonseed refined oil                         657            657
    Cottonseed solvent oil                         637            637

    DHULIA
    Soyoil refined                                 681            681  
  
    AURANGABAD
    Soyoil refined 
                                                681            681
    JALNA
    Soyoil refined 
                                                   684            684
    NANDED
    Soyoil refined                                 682            682
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 684, 
    Baramati - 683, Chalisgaon - 686, Pachora - 689, Parbhani - 695,
    Koosnoor - 685, Solapur - 686, Supa - 689, Sangli - 687.

Nagpur soymeal prices in rupees per tonne

                   Tuesday's open      Previous Close
    Soymeal (Nagpur)                   41,100-41,700       41,100-41,700
    
    Soymeal prices at other places in Maharashtra : Adilabad - 42,100 
    Akola -41,500, Baramati - n.a., Dhulia - 42,000, Hingoli - 42,300, 
    Jalna - 42,200, Koosnoor - 42,400, Latur - 42,600, Nanded - 42,800,
    Pachora - n.a., Solapur - 42,800, Supa - n.a., Sangli - 43,100

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

WEATHER (NAGPUR)  
Maximum temp. 44.6 degree Celsius (112.3 degree Fahrenheit), minimum temp.
26.9 degree Celsius (80.4 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : 0.0 mm
FORECAST: Partly cloudy sky. Rains or thunder-showers likely towards evening or night. Maximum
and Minimum temperature likely to be around 44 and 27 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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