Nagpur Soybean, Soyoil, Soymeal Open-October 17
Nagpur, Oct 17 Barring a healthy rise in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Notable rise in demand from millers and retailers against
inadequate stocks mainly pushed soyabean oil prices up. Strong rally in Malaysian palm oil also
boosted sentiment, sources said Monday.
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* Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed,
and castor oil ruled steady here in sluggish trading activity.
* Traders expect nearly steady trend in major edible oils here.
* Soymeal prices ruled steady here on subdued demand from South-based traders amid
ample stock in ready position.
* Soyabean prices reported down in Nagpur Agriculture Produce and Marketing
Committee (APMC) on poor demand from local crushing plants amid poor quality arrival
from producing region. Fresh fall in Madhya Pradesh soyabean prices and good supply
from producing belts also pushed down prices.
About 2,000 soyabean bags reported for auctions here. High moisture content (about
20 per cent) is available at Rs 23,000 per tonne, according to sources.
Nagpur soybean prices in rupees/tonne:
-----Soybean yellow----- Soybean black
Auction price (Auction price)
Market delivery 25,000-29,000 25,000-29,200 --
Market delivery 25,100-29,100 25,100-29,300 --
Plant delivery 29,500-30,000 29,500-30,000 --
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
Hinganghat n.a. n.a.
Akola 200 25,200-28,500
Amravati 500 24,900-28,800
Khamgaon n.a. n.a.
Wardha 200 25,000-29,100
Arvi n.a. n.a.
Umred n.a. n.a.
Chandrapur n.a. n.a
Soyabean plant prices at other places in Maharashtra : Adilabad - n.a.,
Washim - 30,500, Dhulia - 29,900, Hingoli - 30,200, Jalna - 30,700,
Koosnoor - 30,200, Malkapur - 30,700, Latur - 30,200, Nanded - 30,200,
Solapur - 29,700, Sangli - 30,000.
Sunflower arrivals (in 50-kg bag), Rapeseed (in 40 Kg bag), groundnut and
Dhaniya arrivals (in 40 kg bag), linseed arrival (90 kg bag) Dhan arrival (75 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. 4,200-4,600
Castor n.a. n.a. 3,000-3,200
Rapeseed n.a. n.a. 1,520-1,625
Til n.a. n.a. 7,500-8,000
Dhaniya n.a. n.a. 7,000-7,500
Bajra n.a. n.a. n.a.
Gavarani Corn n.a. n.a. 1,350-1,376
Dhan n.a. n.a. 1,800-1,950
Oil prices in rupees per 10 kilograms:
Monday's open Previous close
Soyoil refined crushing plant delivery 710 704
Soyoil solvent crushing plant delivery 670 665
Cottonseed refined 715 715
Cottonseed solvent 695 695
Groundnut oil (loose) 1,150 1,150
Groundnut oil refined (15 Litre) 1,880 1,880
Sunflower oil refined 990 990
Linseed oil 1,150 1,150
Rapeseed oil (for 15 kg) 1,200 1,200
Castor oil (for 15 kg) 1,250 1,250
Coconut KP oil (for 15 kg) 1,850 1,850
Soyoil refined 705 701
Soyoil Solvent 665 662
Cottonseed refined 710 710
Cottonseed solvent 690 690
Soyoil refined 705 702
Soyoil Solvent 665 660
Cottonseed refined oil 710 710
Cottonseed solvent 690 690
Soyoil refined 716 712
Soyoil refined 716 713
Soyoil refined prices at other places in Maharashtra : Adilabad - 718,
Baramati - 717, Chalisgaon - 718, Pachora - 716, Parbhani - 717,
Koosnoor - 716, Solapur - 714, Supa - 717, Sangli - 718.
Nagpur soymeal prices in rupees per tonne
Monday's open Previous Close
Soymeal (Nagpur) 28,500-29,000 28,500-29,000
Soymeal prices at other places in Maharashtra : Adilabad - 29,000
Akola - 27,000, Washim - 29,100, Dhulia - 27,500, Hingoli - 29,600,
Jalna - 29,000, Nandurbar - 29,700, Khamgaon - 28,300, Latur - 29,000,
Nanded - 29,500, Pachora - n.a., Solapur - 28,500, Supa - n.a., Dharwad -
29,200, Sangli - 28,500
Maximum temp. 34.2 degree Celsius (93.6 degree Fahrenheit), minimum temp.
16.2 degree Celsius (61.2 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 34 and 16
degree Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)
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