August 13, 2014 / 9:38 AM / 3 years ago

Nagpur Soybean, Soyoil, Soymeal Open- August 13

Nagpur, Aug 13 (Reuters) - The slide in soyabean oil prices continued unabated in Vidarbha
region of Western Maharashtra for third day today on persistent selling by stockists amid good
supply from producing regions and weak trends in overseas markets. Sentiment turned bearish as
Malaysian palm oil and American soya digam reported down. Fresh fall on NCDEX in soyabean oil
and downward trend in Madhya Pradesh edible oil prices also affected sentiment, according to
sources.
    
                *              *              *              *

    VIDARBHA MARKETS
    OILS     
   * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, castor 
     and coconut KP oils quoted static here in weak trading activity and traders adopted 
     wait and watch move. 
   * Traders expect easy condition in soyabean oil because of good supply from local 
     crushing plants.
    
   SOYMEAL
   * Prices today ruled steady on subdued demand from local traders amid ample stock in 
     ready position.
        
Oil prices in rupees per 10 kilograms:
    NAGPUR
                                 Wednesday's open   Previous close    
    Soyoil refined crushing plant delivery         670            672
    Soyoil solvent crushing plant delivery         629            631    
    Cottonseed refined                             650            650
    Cottonseed solvent                             630            630
    Groundnut oil (loose)                          800            800
    Groundnut oil refined (15 Litre)               1,350          1,350
    Sunflower oil refined                          730            730
    Linseed oil                                    770            770
    Rapeseed oil (for 15 kg)                       1,150          1,150
    Castor oil (for 15 kg)                         1,380          1,380
    Coconut KP oil (for 15 kg)                     2,800          2,800

    AMRAVATI
    Soyoil refined                                 668            670
    Soyoil Solvent                                 628            630 
    Cottonseed refined                             650            650
    Cottonseed solvent                             630            630
    AKOLA
    Soyoil refined                                 669            671
    Soyoil Solvent                                 628            629        
    Cottonseed refined oil                         655            655
    Cottonseed solvent oil                         635            635

    DHULIA
    Soyoil refined                                 676            679  
  
    AURANGABAD
    Soyoil refined 
                                                678            679
    JALNA
    Soyoil refined 
                                                   675            677
    NANDED
    Soyoil refined                                 676            678
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 681, 
    Baramati - 678, Chalisgaon - 682, Pachora - 684, Parbhani - 680,
    Koosnoor - 678, Solapur - 682, Supa - 684, Sangli - 685.

Nagpur soymeal prices in rupees per tonne

                Wednesday's open      Previous Close
    Soymeal (Nagpur)                 36,000-36,500        36,000-36,500
    
    Soymeal prices at other places in Maharashtra : Adilabad - 37,000 
    Akola -36,200, Baramati - n.a., Dhulia - 37,200, Hingoli - 37,400, 
    Jalna - 37,500, Koosnoor - 37,400, Latur - 37,600, Nanded - 37,600,
    Pachora - n.a., Solapur - 37,400, Supa - n.a., Sangli - 38,000

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)

WEATHER (NAGPUR)  
Maximum temp. 33.6 degree Celsius (92.5 degree Fahrenheit), minimum temp.
24.2 degree Celsius (75.6 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a..
Rainfall : 1.1 mm
FORECAST: Generally cloudy sky. Rains or thunder-showers likely. Maximum and Minimum temperature
likely to be around 34 and 24 degree Celsius respectively.

Note: n.a.--not available

(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)

ATTN: APMC soyabean and foodgrain brokers association today organised Shiv Shankar Poojan and
various religious functions in APMC premises. Therefore, Nagpur APMC is officially open but
there is no auctions of soyabean or foodgrain items.

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