August 27, 2013 / 9:33 AM / 4 years ago

Nagpur Soybean, Soyoil, Soymeal Open-August 27

Nagpur, Aug 27 (Reuters) - The rising trend in soyabean oil remained unabated for the second
straight day today in Vidarbha region of Central Maharashtra as prices rise further on increased
buying by vanaspati millers for the ongoing marriage season, amid a shortage of stock in ready
position. Sentiment remained strong, as soya digam oil prices rose in America. Notable rise on
NCDEX and increased demand from South-based traders also pushed up prices, sources said Tuesday.

                 *              *              *              *

    VIDARBHA MARKETS
    OILS
   * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed,
     castor and coconut KP oil ruled steady in sluggish trading activity.
   * Traders expect further rise in soyabean oil here.

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

  SOYABEAN
   * Soyabean prices in Nagpur APMC touched to a record high on increased demand from
     local crushing plants amid weak supply from producing regions. Further rise in
     soyabean oil, shortage of stock in ready position, weak overseas supply and notable
     rise on NCDEX also helped to push up prices. Continuous rise in soyabean oil also
     boosted sentiment, according to sources.

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    32,000-35,750       31,600-35,400         --


    (Available price)
    Market delivery    32,100-35,850       31,700-35,500         --


    (Traders price)
    Plant delivery     35,000-35,500       34,500-35,000         --



    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
    Nagpur            100                   32,000-35,750
    Hinganghat             n.a.               n.a.
    Akola                  100              31,700-35,300
    Amravati               n.a.               n.a.
    Khamgaon               n.a.               n.a.
    Wardha                 100              32,300-35,200
    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 - 36,500, Hingoli - 36,400, Jalna - n.a.,
    Koosnoor - 36,600, Malkapur - 36,200, Latur - n.a., Nanded - 36,600,
    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.            2,400-2,600
    Groundnut              n.a.            n.a.            700-900
    Linseed                n.a.            n.a.            4,100-4,300
    Castor                 n.a.            n.a.            2,700-2,850
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,800-8,000
    Dhaniya                n.a.            n.a.            6,300-6,500
    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
                                 Tuesday's open   Previous close
    Soyoil refined crushing plant delivery         725            720
    Soyoil solvent crushing plant delivery         685            679
    Cottonseed refined                             710            710
    Cottonseed solvent                             690            690
    Groundnut oil (loose)                          1,030          1,030
    Groundnut oil refined (15 Litre)               1,760          1,760
    Sunflower oil refined                          930            930
    Linseed oil                                    740            740
    Rapeseed oil (for 15 kg)                       1,200          1,200
    Castor oil (for 15 kg)                         1,210          1,210
    Coconut KP oil (for 15 kg)                     1,350          1,350

    AMRAVATI
    Soyoil refined                                 722            718
    Soyoil Solvent                                 682            678
    Cottonseed refined                             709            709
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 723            718
    Soyoil Solvent                                 683            679
    Cottonseed refined oil                         712            712
    Cottonseed solvent oil                         692            692

    DHULIA
    Soyoil refined                                 730            726

    AURANGABAD
    Soyoil refined                                 733            727

    JALNA
    Soyoil refined                                 731            727
    LATUR
    Soyoil refined                                 733            728

    NANDED
    Soyoil refined                                 736            731

    Soyoil refined prices at other places in Maharashtra : Adilabad - 736,
    Baramati - 738, Chalisgaon - 735, Pachora - 736, Parbhani - 734,
    Koosnoor - 737, Solapur - 739, Supa - 733, Sangli - 739.

Nagpur soymeal prices in rupees per tonne
                     Tuesday's open     Previous Close
    Soymeal (Nagpur)              32,700-33,300       32,700-33,300

    Soymeal prices at other places in Maharashtra : Adilabad - 33,900
    Akola -33,000, Baramati - n.a., Dhulia - 33,900, Hingoli - 34,100,
    Jalna - 33,800, Koosnoor - 33,900, Latur - 33,900, Nanded - 34,100,
    Pachora - n.a., Solapur - 34,100, Supa - n.a., Sangli - 34,700

WEATHER (NAGPUR)
Maximum temp. 29.7 degree Celsius (85.5 degree Fahrenheit), minimum temp.
22.8 degree Celsius (73.0 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall :  .6 mm
FORECAST: Generally cloudy sky. Heavy rains or thunder-showers likely.  Maximum and Minimum
temperature likely to be around 29 and 23 degree Celsius respectively.

Note: n.a.--not available

               *            *              *              *

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below