August 12, 2015 / 8:28 AM / 2 years ago

Nagpur Soybean, Soyoil, Soymeal Open- Aug 12

Nagpur, Aug 12 (Reuters) - Barring a sharp rise in coconut oil, major edible oil prices
today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Notable rise in demand from millers and retailers against
inadequate stocks mainly pushed coconut oil prices up. Fresh hike in producing regions and thin
arrival from producing belts also boosted prices, sources said Wednesday.

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    VIDARBHA MARKETS
    OILS      
   * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
     rapeseed and castor oil quoted static here in weak trading activity because of fresh 
     fall in international edible oils.

   * Trader expect upward trend in coconut oil here. 
    
   SOYMEAL
   * Prices today ruled steady here but demand was poor in thin trading activity. 

  SOYABEAN
   * Soyabean prices recovered strongly in Nagpur Agriculture Produce and Marketing 
     Committee (APMC) on good demand from local traders amid weak arrival from 
     producing regions because of rains. Fresh hike on NCDEX, upward trend in Madhya 
     Pradesh soyabean prices and enquiries from South-based plants also jacked up prices, 
     according to sources. 

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    30,000-33,200       29,000-31,900         --
    (Available price)
    Market delivery    30,100-33,300       29,100-32,000          --
    (Traders price)
    Plant delivery     36,500-37,000       36,500-37,000          --

    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              29,800-32,800
    Amravati               n.a.               n.a. 
    Khamgaon               n.a.               n.a.
    Wardha                 n.a.              n.a. 
    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 - 33,000, Hingoli - 33,500, Jalna - n.a.,
    Koosnoor - 33,300, Malkapur - 33,200, Latur - 33,500, Nanded - 33,700, 
    Washim - 33,600, Solapur - 33,500.
    
    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.            8,500-9,000 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.          1,100-1,150
    Dhan            n.a.               n.a.            1,800-1,920
       
Oil prices in rupees per 10 kilograms:
    NAGPUR
                                 Wednesday's open   Previous close    
    Soyoil refined crushing plant delivery         618            618
    Soyoil solvent crushing plant delivery         572            572    
    Cottonseed refined                             605            605
    Cottonseed solvent                             585            585
    Groundnut oil (loose)                          1,100          1,110
    Groundnut oil refined (15 Litre)               1,720          1,720
    Sunflower oil refined                          820            820
    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)                     2,380          2,350

    AMRAVATI
    Soyoil refined                                 613            613
    Soyoil Solvent                                 573            573
    Cottonseed refined                             605            605
    Cottonseed solvent                             585            585
    AKOLA
    Soyoil refined                                 612            612
    Soyoil Solvent                                 573            573        
    Cottonseed refined oil                         607          607
    Cottonseed solvent oil                         587            587
    DHULIA
    Soyoil refined                                 626            624 
  
    AURANGABAD
    Soyoil refined 
                                                627            622
    JALNA
    Soyoil refined 
                                                   623            620
    NANDED
    Soyoil refined                                 625            621
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 625, 
    Baramati - 628, Chalisgaon - 626, Pachora - 624 Parbhani - 625,
    Koosnoor - 625, Solapur - 628, Supa - 626, Sangli - 627.

Nagpur soymeal prices in rupees per tonne

                 Wednesday's open     Previous Close
    Soymeal (Nagpur)                 28,500-29,000        28,500-29,000
    
    Soymeal prices at other places in Maharashtra : Adilabad - 29,600 
    Akola -28,700, Washim - 29,200, Dhulia - 29,100, Hingoli - 29,600, 
    Jalna - 28,800, Koosnoor - 28,900, Latur - 29,000, Nanded - 29,400,
    Pachora - n.a., Solapur - 29,700, Supa - n.a., Sangli - 30,000

WEATHER (NAGPUR)  
Maximum temp. 33.3 degree Celsius (91.9 degree Fahrenheit), minimum temp.
24.1 degree Celsius (75.4 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : 17.2 mm
FORECAST: Generally cloudy sky. Rains or thunder-showers likely. Maximum and minimum temperature
would be around and 33 and 24 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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