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Nagpur Soybean, Soyoil, Soymeal Open-Jan 10
January 10, 2013 / 10:29 AM / 5 years ago

Nagpur Soybean, Soyoil, Soymeal Open-Jan 10

Nagpur, Jan 10 (Reuters) - Major edible oil opened on a steady note in the Vidarbha region
of Western Maharashtra today as prices by and large moved in a narrow range in scattered small
trading activities and settled at last levels. Arrivals against offtake almost remained at par
which kept the prices maintaining their previous levels. Easy condition on Malaysian palm oil
also affected sentiment, sources said Thursday.

                   *              *              *              *

    VIDARBHA MARKETS
    OILS
   * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed,
     rapeseed, castor and coconut KP oil remained static in sluggish trading activity.
   * Traders expect nearly steady trend in major edible oils here.

    SOYMEAL
   * Prices today ruled steady here but demand was poor in thin trading activity.

     SOYABEAN
   * New soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
     (APMC) reported a marginal fall on lack of demand from local crushing plants. Easy
     condition on NCDEX and no takers to soyabean oil & soymeal also affected sentiment.
     Farmers were reluctant to sell soyabean at low prices, affecting arrival.
   * About 25,000 soyabean bags reported for auctions in all over Vidarbha, according to
     sources.

    Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    29,500-31,700       29,500-31,900         --


    (Available price)
    Market delivery    29,600-31,800       29,600-32,000         --


    (Traders price)
    Plant delivery     33,000-33,500       33,000-33,500         --



    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            4,000                  29,500-31,700
    Hinganghat             n.a.               n.a.
    Akola                  2,000              29,300-32,100
    Amravati               1,000              29,000-32,000
    Khamgaon               n.a.               n.a.
    Wardha                 1,000              29,000-31,800
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             1,000              28,800-32,000

    Soyabean prices at other places in Maharashtra : Adilabad - n.a.,
    Baramati - n.a., Dhulia - 32,700, Hingoli - 32,100, Jalna - n.a.,
    Koosnoor - 32,600, Malkapur - 32,600, Latur - n.a., Nanded - 32,700,
    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.            4,300-4,500
    Castor                 n.a.            n.a.            2,800-3,000
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,500-8,000
    Dhaniya                n.a.            n.a.            4,600-4,900
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.          1,100-1,150

Oil prices in rupees per 10 kilograms:
    NAGPUR
                                 Thursday's open   Previous close
    Soyoil refined crushing plant delivery         715            715
    Soyoil solvent crushing plant delivery         674            674
    Cottonseed refined                             700            700
    Cottonseed solvent                             680            680
    Groundnut oil (loose)                          1,180          1,180
    Groundnut oil refined (15 Litre)               2,010          2,010
    Sunflower oil refined                          860            860
    Linseed oil                                    840            840
    Rapeseed oil (for 15 kg)                       1,260          1,260
    Castor oil (for 15 kg)                         1,230          1,230
    Coconut KP oil (for 15 kg)                     1,250          1,250

    AMRAVATI
    Soyoil refined                                 712            712
    Soyoil Solvent                                 670            670
    Cottonseed refined                             700            700
    Cottonseed solvent                             680            680

    AKOLA
    Soyoil refined                                 712            712
    Soyoil Solvent                                 672            672
    Cottonseed refined oil                         705            705
    Cottonseed solvent oil                         685            685

    DHULIA
    Soyoil refined                                 719            719

    AURANGABAD
    Soyoil refined                                 719            719

    JALNA
    Soyoil refined                                 721            721

    LATUR
    Soyoil refined                                 723            723

    NANDED
    Soyoil refined                                 722            722

    Soyoil refined prices at other places in Maharashtra : Adilabad - 726,
    Baramati - 724, Chalisgaon - 727, Pachora - 714, Parbhani - 721,
    Koosnoor - 719, Solapur - 722, Supa - 724, Sangli - 728.

Nagpur soymeal prices in rupees per tonne
                             Thursday's open    Previous Close
    Soymeal (Nagpur)                26,200-26,500       26,200-26,500

    Soymeal prices at other places in Maharashtra : Adilabad - 27,500
    Akola - 26,400, Baramati - n.a., Dhulia - 26,500, Hingoli - 26,800,
    Jalna - 27,400, Koosnoor - 27,300, Latur - 26,700, Nanded - 27,200,
    Pachora - n.a., Solapur - 27,300, Supa - n.a., Sangli - 28,500

WEATHER (NAGPUR)
Maximum temp. 27.7 degree Celsius (81.9 degree Fahrenheit), minimum temp.
07.2 degree Celsius (45.0 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall :  .0 mm
FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 29 and  8 degree
Celsius respectively.

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