August 21, 2012 / 10:23 AM / in 5 years

Nagpur Soybean, Soyoil, Soymeal Open- Aug 21

Nagpur, Aug 21 (Reuters) - Select edible oil prices rose in Vidarbha region of Western
Maharashtra on fresh buying by Vansaspati millers for the festive season amid a firming global
trend. Sentiment also improved after oil climbed in global markets on speculation that less
rainfall in the US might hurt global oilseed supplies. Healthy rise in American soya digam
prices also boosted sentiment, according to sources.

                   *              *              *              *

    VIDARBHA MARKETS
    OILS    
  * Soyabean, cottonseed, linseed and castor oils today recovered sharply on fresh demand 
    from local traders amid tight supply from crushing plants. Notable rise in Madhya 
    Pradesh soyabean oil also boosted sentiment.
  * Groundnut loose, groundnut refined, sunflower refined, rapeseed and coconut KP oil 
    ruled steady in sluggish trading activity.
  * Traders expect upward trend in soyabean and cottonseed oil as overseas supply 
    reported weak.

    SOYMEAL
   * Prices today recovered strongly on good demand from South-based traders amid short 
     supply from crushing plants. Sharp rise in American soymeal prices also helped to 
     push up prices here.

     SOYABEAN
   * Soyabean prices in the Nagpur Agriculture Produce and Marketing Committee 
     (APMC) firmed up again on good demand from local crushing plants amid tight supply 
     from producing regions. Healthy rise in soyabean oil, strong rally in soyemeal and 
     upward trend in Madhya Pradesh soyabean prices also helped to push up prices here.
   * 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    40,700-44,000       40,000-44,000         --
    (Available price)
    Market delivery    40,800-44,100       40,100-44,100         --
    (Traders price)
    Plant delivery     44,500-45,500       44,500-45,500         --

    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
    Nagpur            200               40,700-44,000
    Hinganghat             n.a.               n.a.
    Akola                  100                40,500-44,500
    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 - n.a., Hingoli - n.a., Jalna - n.a.,
    Koosnoor - n.a., Latur - n.a., 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                n.a.            n.a.            4,000-4,100
    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.            4,400-4,500 
    Bajra                  n.a.            n.a.               n.a.

Oil prices in rupees per 10 kilograms:
    NAGPUR
                                            Tuesday's open   Previous close
    Soyoil refined crushing plant delivery         799            794
    Soyoil solvent crushing plant delivery         759            755
    Cottonseed refined                             785            775
    Cottonseed solvent                             765            755
    Groundnut oil (loose)                          1,220          1,220
    Groundnut oil refined (15 Litre)               2,050          2,050
    Sunflower oil refined                          780            780
    Linseed oil                                    860            850
    Rapeseed oil (for 15 kg)                       1,330          1,330
    Castor oil (for 15 kg)                         1,300          1,280
    Coconut KP oil (for 15 kg)                     1,280          1,280

    AMRAVATI
    Soyoil refined                                 795            490
    Soyoil Solvent                                 755            750
    Cottonseed refined                             780            770
    Cottonseed solvent                             760            750

    AKOLA
    Soyoil refined                                 794            790
    Soyoil Solvent                                 755            749
    Cottonseed refined oil                         785            775
    Cottonseed solvent oil                         765            755

    DHULIA
    Soyoil refined                                 803            798
    
    AURANGABAD
    Soyoil refined                                 803            799

    JALNA
    Soyoil refined                                 805            799

    LATUR
    Soyoil refined                                 806            801

    NANDED
    Soyoil refined                                 808            802
    
    Soyoil refined prices at other places in Maharashtra : Adilabad - 806, 
    Baramati - 803, Chalisgaon - 807, Pachora - 810, Parbhani - 810,
    Koosnoor - 808, Solapur - 811, Supa - 813, Sangli - 814.

Nagpur soymeal prices in rupees per tonne
                               Tuesday's open    Previous Close
    Soymeal (Nagpur)                  41,000-42,000     40,000-41,000

    Soymeal prices at other places in Maharashtra : Adilabad - 43,900 
    Akola - 42,000, Baramati - n.a., Dhulia - 43,500, Hingoli - 43,900, 
    Jalna - 43,000, Koosnoor - 44,100, Latur - 43,500, Nanded - 43,700,
    Pachora - n.a., Solapur - 44,000, Supa - n.a., Sangli - 44,800.

WEATHER (NAGPUR)  
Maximum temp. 31.6 degree Celsius (88.9 degree Fahrenheit), minimum temp.
23.7 degree Celsius (74.7 degree Fahrenheit)
Humidity: Highest - 95 per cent, lowest - 72 per cent.
Rainfall : 3.0 mm
FORECAST: Generally cloudy sky. Rains or thunder-shower likely. Maximum and Minimum temperature
likely to be around 31 and 23 degree Celsius respectively.

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