October 7, 2013 / 10:04 AM / 4 years ago

Nagpur Soybean, Soyoil, Soymeal Open-Oct 07

Nagpur, Oct 7 (Reuters) - Soyabean oil prices rose up in Vidarbha region of Western
Maharashtra on fresh buying by Vansaspati millers for the festival season amid a firming global
trend. Sentiment also improved after as Malaysian palm oil recovered smartly. Healthy rise on
NCDEX and fresh hike in Madhya Pradesh soyabeal oil prices also fuelled soyabean oil prices,
according to sources.

                 *              *              *              *

    VIDARBHA MARKETS
    OILS    
   * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed,
     rapeseed, castor and coconut KP oil prices ruled steady in sluggish trading activity. 
   * Traders upward trend in soyabean oil prices as overseas arrival reported weak.  

   SOYMEAL
   * Prices today quoted static here in thin trading activity. 

  SOYABEAN
   * Soyabean prices today recovered smartly in Nagpur Agriculture Produce and Marketing
     Committee (APMC) on increased demand from local crushing plants amid weak supply 
     from producing regions because of heavy rains. Sharp rise on NCDEX, upward trend in  
     Madhya Pradesh soyabean prices and reported demand from South-based crushing plants 
     also helped to push up prices, according to sources.

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    30,000-34,700       30,000-34,100         --
    (Available price)
    Market delivery    30,100-34,800       30,100-34,200         --
    (Traders price)
    Plant delivery     35,300-35,800       35,000-35,500         --

    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            700                   30,000-34,700
    Hinganghat             n.a.               n.a.
    Akola                  200              30,600-34,100
    Amravati               n.a.               n.a. 
    Khamgaon               n.a.               n.a.
    Wardha                 200              30,300-34,500 
    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 - 34,700, Hingoli - 33,500, Jalna - n.a.,
    Koosnoor - 34,700, Malkapur - 34,900, Latur - n.a., Nanded - 33,900, 
    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.            2,400-2,600
    Groundnut              n.a.            n.a.            700-900
    Linseed                n.a.            n.a.            4,200-4,400
    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.            6,200-6,400 
    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
                                 Monday's open   Previous close
    Soyoil refined crushing plant delivery         702            699
    Soyoil solvent crushing plant delivery         662            658
    Cottonseed refined                             680            680
    Cottonseed solvent                             660            660
    Groundnut oil (loose)                          860            860
    Groundnut oil refined (15 Litre)               1,520          1,520
    Sunflower oil refined                          920            920
    Linseed oil                                    770            770
    Rapeseed oil (for 15 kg)                       1,170          1,170
    Castor oil (for 15 kg)                         1,210          1,210
    Coconut KP oil (for 15 kg)                     1,530          1,530

    AMRAVATI
    Soyoil refined                                 696            694
    Soyoil Solvent                                 656            654 
    Cottonseed refined                             685            685
    Cottonseed solvent                             665            665

    AKOLA
    Soyoil refined                                 697            694
    Soyoil Solvent                                 656            654
    Cottonseed refined oil                         685            685
    Cottonseed solvent oil                         665            655

    DHULIA
    Soyoil refined                                 713            710
    
    AURANGABAD
    Soyoil refined                                 710            708
    JALNA
    Soyoil refined                                 712            709
    LATUR
    Soyoil refined                                 714            710

    NANDED
    Soyoil refined                                 713            710 
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 716, 
    Baramati - 715, Chalisgaon - 712, Pachora - 715, Parbhani - 714,
    Koosnoor - 713, Solapur - 715, Supa - 714, Sangli - 716.

Nagpur soymeal prices in rupees per tonne
                       Monday's open     Previous Close
    Soymeal (Nagpur)                31,800-32,200       31,800-32,200
    
    Soymeal prices at other places in Maharashtra : Adilabad - 32,500 
    Akola -32,000, Baramati - n.a., Dhulia - 31,900, Hingoli - 31,700, 
    Jalna - 31,700, Koosnoor - 31,900, Latur - 32,800, Nanded - 31,900,
    Pachora - n.a., Solapur - 31,200, Supa - n.a., Sangli - 31,500

WEATHER (NAGPUR)  
Maximum temp. 31.3 degree Celsius (88.2 degree Fahrenheit), minimum temp.
21.6 degree Celsius (72.6 degree Fahrenheit)
Humidity: Highest - 100 per cent, lowest - 81 per cent
Rainfall : 0.0 mm
FORECAST: Generally cloudy sky. Maximum and Minimum temperature likely to be around 30 and 22
degree Celsius respectively.

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