October 1, 2014 / 9:19 AM / 3 years ago

Nagpur Soybean, Soyoil, Soymeal Open- October 1

Nagpur, Oct 1 (Reuters) - Soyabean and cottonseed oil prices zoomed up in Vidarbha region of
Western Maharashtra on fresh buying by Vansaspati millers for the marriage season amid a firming
global trend. Sentiment also improved after as Malaysian palm oil and American soya digam
recovered smartly. Healthy rise on NCDEX and fresh hike in Madhya Pradesh soyabeal oil prices
also fuelled prices, according to sources.

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    VIDARBHA MARKETS
    OILS     
   * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, castor and 
     coconut KP oils reported steady in thin trading activity. 
   * Traders expect upward trend in soyabean oil here.
    
   SOYMEAL
   * Prices today suffered heavily here on poor buying support from local traders amid 
     increased supply from crushing plants. Easy condition in international soymeal 
     prices also affected sentiment.

  SOYABEAN
   * Soyabean prices in Nagpur Agriculture Produce and Marketing Committee (APMC) showed 
     weak tendency on lack of buying support from local crushing plants amid high 
     moisture content supply. Sharp fall in soymeal, easy condition on NCDEX and downward 
     trend in Madhya Pradesh soyabean prices also pushed down this oilseed prices. Poor 
     quality soyabean (more than 19 per cent moisture content) was available at Rs 26,200 
     per tonne, according to sources. 

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    27,000-32,200       28,000-32,400         --
    (Available price)
    Market delivery    21,100-32,300       28,100-32,300          --
    (Traders price)
    Plant delivery     34,500-35,000       34,500-35,000          --

    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                  100              27,200-31,600
    Amravati               n.a.               n.a. 
    Khamgaon               n.a.               n.a.
    Wardha                 100              27,800-32,000 
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             n.a.              n.a.

    Soyabean prices at other places in Maharashtra : Adilabad - n.a., 
    Baramati - n.a., Dhulia - 32,600, Hingoli - 32,000, Jalna - n.a.,
    Koosnoor - 32,000, Malkapur - 32,000, Latur - n.a., Nanded - 32,300, 
    Washim - 32,600, 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.            4,200-4,500
    Castor                 n.a.            n.a.            3,000-3,200
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,500-8,000
    Dhaniya                n.a.            n.a.            9,500-10,300 
    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
                                 Wednesday's open   Previous close    
    Soyoil refined crushing plant delivery         673            664
    Soyoil solvent crushing plant delivery         633            625    
    Cottonseed refined                             640            630
    Cottonseed solvent                             620            610
    Groundnut oil (loose)                          850            850
    Groundnut oil refined (15 Litre)               1,410          1,410
    Sunflower oil refined                          650            650
    Linseed oil                                    790            790
    Rapeseed oil (for 15 kg)                       1,170          1,170
    Castor oil (for 15 kg)                         1,350          1,350
    Coconut KP oil (for 15 kg)                     2,800          2,800

    AMRAVATI
    Soyoil refined                                 669            662
    Soyoil Solvent                                 629            622
    Cottonseed refined                             640            633
    Cottonseed solvent                             620            612
    AKOLA
    Soyoil refined                                 670            662
    Soyoil Solvent                                 630            624        
    Cottonseed refined oil                         641            631
    Cottonseed solvent oil                         621            611

    DHULIA
    Soyoil refined                                 684            679 
  
    AURANGABAD
    Soyoil refined 
                                                686            680
    JALNA
    Soyoil refined 
                                                   683            677
    NANDED
    Soyoil refined                                 681            675
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 683, 
    Baramati - 685, Chalisgaon - 683, Pachora - 684, Parbhani - 685,
    Koosnoor - 683, Solapur - 686, Supa - 684, Sangli - 687.

Nagpur soymeal prices in rupees per tonne

                 Wednesday's open     Previous Close
    Soymeal (Nagpur)                 30,500-31,000      31,400-32,100
    
    Soymeal prices at other places in Maharashtra : Adilabad - 31,900 
    Akola -30,700, Baramati - n.a., Dhulia - 31,500, Hingoli - 31,900, 
    Jalna - 32,700, Koosnoor - 31,900, Latur - 32,200, Nanded - 32,300,
    Pachora - n.a., Solapur - 32,200, Supa - n.a., Sangli - 32,500

WEATHER (NAGPUR)  
Maximum temp. 35.2 degree Celsius (95.3 degree Fahrenheit), minimum temp.
20.1 degree Celsius (68.1 degree Fahrenheit)
Humidity: Highest - 96 per cent, lowest - 53 per cent.
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 36 and 20 degree
Celsius respectively.

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

ATTN : Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil market in Vidarbha will
be closed tomorrow and on Friday on the occasion of Gandhi Jayanti and Dusshera respectively.

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