September 17, 2012 / 9:28 AM / 5 years ago

Nagpur Soybean, Soyoil, Soymeal Open- Sept 17

Nagpur, Sept 17 (Reuters) - Steady conditions persisted in major edible oils in Vidarbha
region of Western Maharashtra as oil prices hovered around previous day's level on small bouts
of trading. Absence of buying interest and easy condition on Madhya Pradesh oil market mainly
kept prices unchanged. A majority of traders adopted wait and watch move, sources said Monday.

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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 in Vidarbha.

    SOYMEAL
   * Prices today reported sharp fall here on lack of demand from local traders. Easy
     condition in international soymeal prices also affected sentiment.

     SOYABEAN
   * Soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
     (APMC) suffered hevily on poor demand from local crushing plants amid high
     moisture content arrival. No takers to soyabean oil & soymeal and reports about good
     arrival in Madhya Pradesh soyabean mandi also affected sentiment.
   * Not more than 1,000 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    30,700-41,100       31,200-42,300         --


    (Available price)
    Market delivery    30,800-41,200       31,300-42,300         --


    (Traders price)
    Plant delivery     41,000-42,000       41,000-42,000         --



    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            200               30,700-41,100
    Hinganghat             n.a.               n.a.
    Akola                  n.a.               n.a.
    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 - 42,700 Hingoli - n.a., Jalna - n.a.,
    Koosnoor - 42,400, Latur - n.a., Nanded - n.a.,
    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                n.a.            n.a.            4,000-4,100
    Castor                 10            3,100-3,200       2,200-2,300
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.               n.a.            3,500-3,800
    Dhaniya                n.a.            n.a.            4,500-4,600
    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         805            805
    Soyoil solvent crushing plant delivery         765            765
    Cottonseed refined                             800            800
    Cottonseed solvent                             780            780
    Groundnut oil (loose)                          1,260          1,260
    Groundnut oil refined (15 Litre)               2,100          2,100
    Sunflower oil refined                          810            8010
    Linseed oil                                    850            850
    Rapeseed oil (for 15 kg)                       1,320          1,320
    Castor oil (for 15 kg)                         1,310          1,310
    Coconut KP oil (for 15 kg)                     1,230          1,230

    AMRAVATI
    Soyoil refined                                 802            802
    Soyoil Solvent                                 762            762
    Cottonseed refined                             795            795
    Cottonseed solvent                             775            775

    AKOLA
    Soyoil refined                                 803            803
    Soyoil Solvent                                 763            763
    Cottonseed refined oil                         800            800
    Cottonseed solvent oil                         780            780

    DHULIA
    Soyoil refined                                 809            809

    AURANGABAD
    Soyoil refined                                 805            805

    JALNA
    Soyoil refined                                 808            808

    LATUR
    Soyoil refined                                 811            811

    NANDED
    Soyoil refined                                 810            810

    Soyoil refined prices at other places in Maharashtra : Adilabad - 812,
    Baramati - 810, Chalisgaon - 813, Pachora - 812, Parbhani - 815,
    Koosnoor - 812, Solapur - 812, Supa - 814, Sangli - 818.

Nagpur soymeal prices in rupees per tonne
                               Monday's open    Previous Close
    Soymeal (Nagpur)                  42,000-42,500     43,000-43,500

    Soymeal prices at other places in Maharashtra : Adilabad - 42,900
    Akola - 42,300, Baramati - n.a., Dhulia - 44,600, Hingoli - 42,800,
    Jalna - 42,600, Koosnoor - 42,500, Latur - 43,100, Nanded - 43,100,
    Pachora - n.a., Solapur - 43,200, Supa - n.a., Sangli - 43,000.

WEATHER (NAGPUR)
Maximum temp. 31.7 degree Celsius (89.1 degree Fahrenheit), minimum temp.
23.8 degree Celsius (74.8 degree Fahrenheit)
Humidity: Highest - 91 per cent, lowest - 68 per cent.
Rainfall :  .8 mm
FORECAST: Generally cloudy sky. Rains or thunder-shower likely. Maximum and Minimum temperature
likely to be around 32 and 24 degree Celsius respectively.

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