July 16, 2012 / 10:29 AM / 5 years ago

Nagpur Soybean, Soyoil, Soymeal Open- July 16

Nagpur, July 16 (Reuters) - Soyabean and cottonseed oil prices flared up again in Vidarbha
region of Western Maharashtr on scattered buying by Vanaspati millers influenced by a firming
global trend. Trading sentiment turned better as palm oil futures gained as exports from
Malaysia, the second largest grower, rose handsomely. Sharp rise in Madhya Pradesh edible oils
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, castor and
    coconut KP oil ruled steady in sluggish trading activity.
  * Traders expect upward trend in soyabean oil here as overseas supply reported thin.

    SOYMEAL
   * Prices today quoted strong on good demand from South-based traders amid short
     supply from local crushing plants. Fresh hike in international soymeal prices also
     boosted sentiment.

     SOYABEAN
   * Soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
     (APMC) zoomed up again on increased buying support from local crushing
     plants amid weak supply from producing belts. Sharp rise in soyabean oil, upward
     trend in soymeal and enquiries from South-based crushing plants also helped to push
     up prices.
   * About 1,000 bags reported for auction in major soyabean mandis in
     Vidarbha, according to sources.

    Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    43,300-44,800       42,500-44,700         --


    (Available price)
    Market delivery    43,400-44,900       42,600-44,800         --


    (Traders price)
    Plant delivery     44,000-44,500       43,700-43,900         --



    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
    Nagpur            300               43,300-44,800
    Hinganghat             n.a.               n.a.
    Akola                  100                43,000-44,400
    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 - 45,000, Hingoli - 44,900, Jalna - n.a.,
    Koosnoor - 43,900, Latur - 45,000, Nanded - 44,900,
    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) and prices (in
rupees per 100 kilogram) in Nagpur, according to APMC sources:
                        Deliveries    Available prices    Previous close
    Sunflower              n.a.            n.a.            2,500-2,600
    Groundnut              n.a.            n.a.            700-900
    Linseed                10            4,100-4,200       4,100-4,200
    Castor                 n.a.            n.a.            2,650-2,750
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.               n.a.            3,500-3,800
    Dhaniya                n.a.            n.a.            3,750-3,900
    Bajra                  n.a.            n.a.               n.a.

Oil prices in rupees per 10 kilograms:
    NAGPUR
                                            Monday's open   Previous close
    Soyoil refined crushing plant delivery         800            791
    Soyoil solvent crushing plant delivery         760            749
    Cottonseed refined                             790            780
    Cottonseed solvent                             770            760
    Groundnut oil (loose)                          1,180          1,180
    Groundnut oil refined (15 Litre)               2,000          2,000
    Sunflower oil refined                          760            760
    Linseed oil                                    760            760
    Rapeseed oil (for 15 kg)                       1,330          1,330
    Castor oil (for 15 kg)                         1,150          1,150
    Coconut KP oil (for 15 kg)                     1,300          1,300

    AMRAVATI
    Soyoil refined                                 796            786
    Soyoil Solvent                                 756            748
    Cottonseed refined                             790            780
    Cottonseed solvent                             760            750

    AKOLA
    Soyoil refined                                 798            789
    Soyoil Solvent                                 758            749
    Cottonseed refined oil                         792            780
    Cottonseed solvent oil                         772            760

    DHULIA
    Soyoil refined                                 802            797

    AURANGABAD
    Soyoil refined                                 802            794

    JALNA
    Soyoil refined                                 805            798

    LATUR
    Soyoil refined                                 801            793

    NANDED
    Soyoil refined                                 805            799

    Soyoil refined prices at other places in Maharashtra : Adilabad - 801,
    Baramati - 806, Chalisgaon - 806, Pachora - 802, Parbhani - 808,
    Koosnoor - 805, Solapur - 805, Supa - 807, Sangli - 810.

Nagpur soymeal prices in rupees per tonne
                               Monday's open      Previous Close
    Soymeal (Nagpur)                  39,800-40,100        39,700-40,000

    Soymeal prices at other places in Maharashtra : Adilabad - 39,900
    Akola - 40,000, Baramati - n.a., Dhulia - 40,400, Hingoli - 40,400,
    Jalna - 40,300, Koosnoor - 40,400, Latur - 40,500, Nanded - 40,500,
    Pachora - n.a., Solapur - 41,000, Supa - n.a., Sangli - 42,200.

WEATHER (NAGPUR)
Maximum temp. 33.9 degree Celsius (93.0 degree Fahrenheit), minimum temp.
22.7 degree Celsius (72.9 degree Fahrenheit)
Humidity: Highest - 98 per cent, lowest - 59 per cent.
Rainfall : 44.9 mm
FORECAST: Generally cloudy sky. Rains or thunder-shower likely. Maximum and Minimum temperature
likely to be around 27 and 22 degree Celsius respectively.

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