December 8, 2014 / 10:43 AM / 3 years ago

Nagpur Soybean, Soyoil, Soymeal Open- Dec 08

Nagpur, Dec 8 (Reuters) - Soyabean and cottonseed oil prices zoomed up 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 climbed in overseas markets
handsomely. Healthy rise on NCDEX and reported demand from South-based traders also boosted
prices, sources said Monday.

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    VIDARBHA MARKETS
    OILS     
    * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed and castor 
      oils ruled steady here in thin trading activity. 
    * Traders expect further rise in soyabean and cottonseed oil here as overseas supply 
      reported weak. 
    
   SOYMEAL
   * Prices today quoted static here on subdued demand from local traders amid ample 
     stock in ready position.

  SOYABEAN
   * Soyabean prices in Nagpur Agriculture Produce and Marketing Committee (APMC) 
     recovered on good demand from local crushing plants amid tight supply from producing 
     regions. Sharp rise in soyabean oil, healthy hike in Madhya Pradesh soyabean prices 
     and reported demand from South-based plants also boosted prices. 
     About 3,000 bags reported for auction here and high moisture content 
     soyabean (more than 19 per cent) was available at Rs 25,900 per tonne here, 
     according to sources. 

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    27,700-33,500       27,200-33,400         --
    (Available price)
    Market delivery    27,800-33,600       27,300-33,500          --
    (Traders price)
    Plant delivery     32,000-32,500       32,000-32,500          --

    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                  300              27,300-33,600
    Amravati               200                27,900-33,800 
    Khamgaon               n.a.               n.a.
    Wardha                 200              27,600-33,600 
    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 - 34,500, Hingoli - 34,000, Jalna - n.a.,
    Koosnoor - 34,200, Malkapur - 34,300, Latur - n.a., Nanded - 34,800, 
    Washim - 33,900, 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.            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.            9,800-10,000 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.          1,100-1,150
    Dhan            n.a.            n.a.            1,400-1,946
       
Oil prices in rupees per 10 kilograms:
    NAGPUR
                                 Monday's open   Previous close    
    Soyoil refined crushing plant delivery         618            609
    Soyoil solvent crushing plant delivery         578            569    
    Cottonseed refined                             595            685
    Cottonseed solvent                             575            665
    Groundnut oil (loose)                          850            850
    Groundnut oil refined (15 Litre)               1,425          1,425
    Sunflower oil refined                          660            660
    Linseed oil                                    760            760
    Rapeseed oil (for 15 kg)                       1,130          1,130
    Castor oil (for 15 kg)                         1,340          1,340
    Coconut KP oil (for 15 kg)                     2,550          2,550

    AMRAVATI
    Soyoil refined                                 614            607
    Soyoil Solvent                                 574            567
    Cottonseed refined                             595            585
    Cottonseed solvent                             575            585
    AKOLA
    Soyoil refined                                 614            607
    Soyoil Solvent                                 572            567        
    Cottonseed refined oil                         596            586
    Cottonseed solvent oil                         574            564

    DHULIA
    Soyoil refined                                 624            618 
  
    AURANGABAD
    Soyoil refined 
                                                621            616
    JALNA
    Soyoil refined 
                                                   623            617
    NANDED
    Soyoil refined                                 622            614
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 625, 
    Baramati - 624, Chalisgaon - 628, Pachora - 626, Parbhani - 624,
    Koosnoor - 624, Solapur - 626, Supa - 627, Sangli - 627.

Nagpur soymeal prices in rupees per tonne

                 Monday's open      Previous Close
    Soymeal (Nagpur)                 28,800-29,300        28,800-29,300
    
    Soymeal prices at other places in Maharashtra : Adilabad - 30,300 
    Akola -28,900, Baramati - n.a., Dhulia - 29,800, Hingoli - 30,100, 
    Jalna - 30,000, Koosnoor - 30,000, Latur - 30,200, Nanded - 30,500,
    Pachora - n.a., Solapur - 30,200, Supa - n.a., Sangli - 30,500

WEATHER (NAGPUR)  
Maximum temp. 29.6 degree Celsius (85.2 degree Fahrenheit), minimum temp.
9.6 degree Celsius (49.6 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 31 and 10 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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