July 2, 2012 / 9:11 AM / 5 years ago

Nagpur Soybean, Soyoil, Soymeal Open- JULY 02

Nagpur, July 2 (Reuters) - In a range-bound trading, oil market in Vidarbha in Western part of
Maharashtra remained steady today as prices moved in narrow range and settled around previous
levels. Scattered enquiries against adequate stocks position mainly kept oil prices intact. No
trader was in mood for any commitment because of weak Malaysian palm oil prices, adopting wait
and watch move, according to sources.

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

    SOYMEAL
   * Prices today zoomed up on increased demand from South-based traders amid
     weak supply from local crushing plants. Upward trend in international soymeal prices
     also boosted sentiment.

     SOYABEAN
   * Soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
     (APMC) touched to a new record high on good demand from local crushing plants amid
     tight supply from producing regions. Sharp rise in soymeal, upward trend in Madhya
     Pradesh soyabean prices and good demand from South-based crushing plants also helped
     to push up prices.
   * About 1,500 bags reported for auction in major soyabean mandis in Vidarbha,
     according to sources.

    Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    36,000-39,300       35,000-38,750         --


    (Available price)
    Market delivery    36,100-39,400       35,100-38,850         --


    (Traders price)
    Plant delivery     39,500-40,000       39,000-39,500         --



    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            500               36,000-39,300
    Hinganghat             n.a.               n.a.
    Akola                  200                35,800-38,900
    Amravati               n.a.               n.a.
    Khamgaon               n.a.               n.a.
    Wardha                 n.a.               n.a.
    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 - 39,900, Hingoli - 39,400, Jalna - n.a.,
    Koosnoor - 38,900, Latur - 39,800, Nanded - 39,800,
    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                10            4,100-4,200       4,000-4,200
    Castor                 n.a.            n.a.            2,725-2,850
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.               n.a.            3,500-3,800
    Dhaniya                n.a.            n.a.            3,750-3,900
    Bajra                  n.a.            n.a.               n.a.

Oil prices in rupees per 10 kilograms:
    NAGPUR
                                            Monday's open   Previous close
    Soyoil refined crushing plant delivery         765            765
    Soyoil solvent crushing plant delivery         725            725
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720
    Groundnut oil (loose)                          1,160          1,160
    Groundnut oil refined (15 Litre)               1,960          1,960
    Sunflower oil refined                          750            750
    Linseed oil                                    720            720
    Rapeseed oil (for 15 kg)                       1,290          1,290
    Castor oil (for 15 kg)                         1,130          1,130
    Coconut KP oil (for 15 kg)                     1,330          1,330

    AMRAVATI
    Soyoil refined                                 764            764
    Soyoil Solvent                                 724            724
    Cottonseed refined                             740            740
    Cottonseed solvent                             720            720

    AKOLA
    Soyoil refined                                 764            764
    Soyoil Solvent                                 724            724
    Cottonseed refined oil                         745            745
    Cottonseed solvent oil                         725            725

    DHULIA
    Soyoil refined                                 766            766

    AURANGABAD
    Soyoil refined                                 769            769

    JALNA
    Soyoil refined                                 769            769

    LATUR
    Soyoil refined                                 772            772

    NANDED
    Soyoil refined                                 767            767

    Soyoil refined prices at other places in Maharashtra : Adilabad - 770,
    Baramati - 772, Chalisgaon - 769, Pachora - 776, Parbhani - 774,
    Koosnoor - 772, Solapur - 775, Supa - 778, Sangli - 778.

Nagpur soymeal prices in rupees per tonne
                               Monday's open      Previous Close
    Soymeal (Nagpur)                  35,000-35,750        34,000-34,800

    Soymeal prices at other places in Maharashtra : Adilabad - 35,800
    Akola - 35,500, Baramati - n.a., Dhulia - 35,900, Hingoli - 36,100,
    Jalna - 36,600, Koosnoor - 35,200, Latur - 36,000, Nanded - 36,100,
    Pachora - n.a., Solapur - 36,200, Supa - n.a., Sangli - 37,000.

WEATHER (NAGPUR)
Maximum temp. 30.8 degree Celsius (87.4 degree Fahrenheit), minimum temp.
23.2 degree Celsius (73.8 degree Fahrenheit)
Humidity: Highest - 68 per cent, lowest - 37 per cent.
Rainfall : 45.8 mm
FORECAST: Partly cloudy sky. Rains or thunder-shower likely. Maximum and Minimum temperature
likely to be around 33 and 25 degree Celsius respectively.

Note: n.a.--not available
Rapeseed is also known as mustard seed.

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