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Nagpur Soybean, Soyoil, Soymeal Open- November 03
November 3, 2012 / 9:43 AM / 5 years ago

Nagpur Soybean, Soyoil, Soymeal Open- November 03

Nagpur, Nov 3 (Reuters) - Soyabean and cottonseed oil prices dipped up at the Vidarbha region of
Western Maharashtra today on considerable fall in demand at prevailing levels, amid weak trends
in overseas markets. Sentiment turned weak as American soya digam prices moved down. Further
fall in Madhya Pradesh soyabean oil prices also affected sentiment, according to sources.

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    VIDARBHA MARKETS
    OILS
   * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed,
     castor and coconut KP oil remained static in sluggish trading activity.
   * Traders expect fresh fall in soyabean oil as overseas arrival reported strong.

    SOYMEAL
   * Prices today reported down in absence of buyers amid release of stock from stockists.
     About six dollar per tonne fall in a day in American soymeal prices also affected
     sentiment.

     SOYABEAN
   * New soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
     (APMC) reported higher on increased demand from local crushing plants amid weak
     supply from producing regions because of heavy unseasonal rains in past three days.
     Healthy rise in Madhya Pradesh soyabean prices also boosted sentiment.
   * About 30,000 soyabean bags reported for auctions in all over Vidarbha.

    Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    26,100-32,400       26,100-32,000         --


    (Available price)
    Market delivery    26,200-32,500       26,200-32,100         --


    (Traders price)
    Plant delivery     33,500-34,000       33,500-34,000         --



    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            6,000                  26,100-32,400
    Hinganghat             n.a.               n.a.
    Akola                  2,000              26,300-32,300
    Amravati               1,000              26,000-32,100
    Khamgaon               n.a.               n.a.
    Wardha                 1,000              25,800-32,000
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             1,000              26,000-32,200

    Soyabean prices at other places in Maharashtra : Adilabad - n.a.,
    Baramati - n.a., Dhulia - 32,700 Hingoli - 32,500, Jalna - n.a.,
    Koosnoor - 32,700, Malkapur - 32,700, 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.            4,200-4,400
    Castor                 n.a.            n.a.            2,800-3,000
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.               n.a.            3,500-3,800
    Dhaniya                10            4,300-4,500       4,100-4,200
    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
                                 Saturday's open   Previous close
    Soyoil refined crushing plant delivery         692            696
    Soyoil solvent crushing plant delivery         652            654
    Cottonseed refined                             680            690
    Cottonseed solvent                             660            670
    Groundnut oil (loose)                          1,140          1,140
    Groundnut oil refined (15 Litre)               1,930          1,930
    Sunflower oil refined                          780            780
    Linseed oil                                    850            850
    Rapeseed oil (for 15 kg)                       1,260          1,260
    Castor oil (for 15 kg)                         1,170          1,170
    Coconut KP oil (for 15 kg)                     1,200          1,200

    AMRAVATI
    Soyoil refined                                 695            698
    Soyoil Solvent                                 655            658
    Cottonseed refined                             685            695
    Cottonseed solvent                             663            673

    AKOLA
    Soyoil refined                                 694            698
    Soyoil Solvent                                 654            656
    Cottonseed refined oil                         685            695
    Cottonseed solvent oil                         665            675

    DHULIA
    Soyoil refined                                 700            704

    AURANGABAD
    Soyoil refined                                 698            701

    JALNA
    Soyoil refined                                 702            704

    LATUR
    Soyoil refined                                 701            704

    NANDED
    Soyoil refined                                 699            703

    Soyoil refined prices at other places in Maharashtra : Adilabad - 701,
    Baramati - 705, Chalisgaon - 703, Pachora - 702, Parbhani - 704,
    Koosnoor - 700, Solapur - 705, Supa - 703, Sangli - 707.

Nagpur soymeal prices in rupees per tonne
                             Saturday's open    Previous Close
    Soymeal (Nagpur)                27,800-28,100     28,000-28,300

    Soymeal prices at other places in Maharashtra : Adilabad - 28,700
    Akola - 28,200, Baramati - n.a., Dhulia - 28,700, Hingoli - 28,100,
    Jalna - 28,700, Koosnoor - 28,700, Latur - 29,100, Nanded - 28,700,
    Pachora - n.a., Solapur - 28,900, Supa - n.a., Sangli - 29,000-29,200.

WEATHER (NAGPUR)
Maximum temp. 25.4 degree Celsius (77.7 degree Fahrenheit), minimum temp.
21.8 degree Celsius (71.5 degree Fahrenheit)
Humidity: Highest - 92 per cent, lowest - 57 per cent.
Rainfall : 16.4 mm
FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 28 and 23 degree
Celsius respectively.

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