March 7, 2013 / 10:04 AM / 5 years ago

Nagpur Soybean, Soyoil, Soymeal Open-Mar 07

Nagpur, Mar 7 (Reuters) - In range-bound trade, major edible oil prices remained unchanged
at the Vidarbha region of Western Maharashtra today in the absence of worthwhile activity.
Arrivals and offtake too remained at a low ebb and volume of business poor. Absence of demand
from millers mainly kept major oil prices unchanged.Downward trend in American soya digam prices
also affected sentiment and no trader was in mood for any commitment, adopting `wait and watch'
move, according to sources.

                   *              *              *              *

    VIDARBHA MARKETS
    OILS

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

    SOYABEAN
   * Soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
     (APMC) firmed up again on increased buying support from local millers amid
     weak supply from producing belts. Sharp rise in soymeal, upward trend on
     NCDEX, fresh rise in Madhya Pradesh soyabean mandi and enquiries from South-
     based plants also boosted prices.
   * Nearly 5,000 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    32,000-34,000       31,000-33,800         --


    (Available price)
    Market delivery    32,100-34,100       31,100-33,900         --


    (Traders price)
    Plant delivery     31,600-32,000       31,200-31,500         --



    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            5,000                  32,000-34,000
    Hinganghat             n.a.               n.a.
    Akola                  1,000              31,100-33,600
    Amravati               500                31,000-33,800
    Khamgaon               n.a.               n.a.
    Wardha                 500                30,600-33,200
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             500                30,200-33,500

    Soyabean prices at other places in Maharashtra : Adilabad - n.a.,
    Baramati - n.a., Dhulia - 33,900, Hingoli - 32,800, Jalna - n.a.,
    Koosnoor - 33,500, Malkapur - 33,400, Latur - n.a., Nanded - 33,800,
    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.            7,800-8,000
    Dhaniya                n.a.            n.a.             5,500-5,800
    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         690            690
    Soyoil solvent crushing plant delivery         650            650
    Cottonseed refined                             650            650
    Cottonseed solvent                             630            630
    Groundnut oil (loose)                          1,250          1,250
    Groundnut oil refined (15 Litre)               2,080          2,080
    Sunflower oil refined                          870            870
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,170          1,170
    Castor oil (for 15 kg)                         1,190          1,190
    Coconut KP oil (for 15 kg)                     1,290          1,290

    AMRAVATI
    Soyoil refined                                 688            688
    Soyoil Solvent                                 648            648
    Cottonseed refined                             650            650
    Cottonseed solvent                             630            630

    AKOLA
    Soyoil refined                                 688            688
    Soyoil Solvent                                 648            648
    Cottonseed refined oil                         650            650
    Cottonseed solvent oil                         630            630

    DHULIA
    Soyoil refined                                 702            702

    AURANGABAD
    Soyoil refined                                 706            706

    JALNA
    Soyoil refined                                 704            704

    LATUR
    Soyoil refined                                 707            707

    NANDED
    Soyoil refined                                 705            705

    Soyoil refined prices at other places in Maharashtra : Adilabad - 710,
    Baramati - 710, Chalisgaon - 713, Pachora - 708, Parbhani - 711,
    Koosnoor - 705, Solapur - 708, Supa - 710, Sangli - 712.

SOYMEAL
   * Prices today zoomed up here on increased demand from South based traders amid short
     supply from local crushing plants. Healthy rise in international soymeal prices also
     boosted sentiments.

Nagpur soymeal prices in rupees per tonne
                             Thursday's open     Previous Close
    Soymeal (Nagpur)                28,700-29,200      28,300-28,500

    Soymeal prices at other places in Maharashtra : Adilabad - 29,500
    Akola - 29,200, Baramati - n.a., Dhulia - 29,600, Hingoli - 29,800,
    Jalna - 29,600, Koosnoor - 29,500, Latur - 29,800, Nanded - 29,500,
    Pachora - n.a., Solapur - 30,000, Supa - n.a., Sangli - 30,200

WEATHER (NAGPUR)
Maximum temp. 35.8 degree Celsius (96.4 degree Fahrenheit), minimum temp.
13.2 degree Celsius (55.76 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 36 and 13 degree
Celsius respectively.

Note: n.a.--not available

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