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Nagpur Soybean, Soyoil, Soymeal Open- Apr 09
April 9, 2013 / 10:58 AM / 5 years ago

Nagpur Soybean, Soyoil, Soymeal Open- Apr 09

Nagpur, Apr 9 (Reuters) - Select edible oil prices recovered further in Vidarbha region of
Western Maharashtra on scattered buying by Vanaspati millers influenced by a firming global
trend. Trading sentiment turned better as palm oil futures gained as exports from Malaysia, the
second largest grower, rose handsomely. Notable hike in American soya digam prices, upward trend
on NCDEX, sharp rise in Madhya Pradesh edible oils and reported demand from South-based traders
also boosted prices, sources said Tuesday.
                   
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    VIDARBHA MARKETS
    OILS    
   * Soyabean, cottonseed, linseed, rapeseed, castor and coconut KP oils today recovered 
     zoomed up on increased demand from local traders amid weak supply from producing 
     regions. Notable rise in Madhya Pradesh soyabean oil also jacked up these oils.
   * Groundnut loose, groundnut refined and sunflower refined oil prices ruled steady in 
     sluggish trading activity.
   * Traders expect firm trend in soyabean and cottonseed oil here as overseas supply 
     reported weak.

   SOYMEAL
   * Soymeal prices today ruled steady here but demand was poor.
    
   SOYABEAN
   * Soyabean prices touched to a record high of this season in Nagpur APMC on increased 
     demand from local crushing plants amid weak supply from producing regions. 
     Continuous  rise in soyabean oil, upward trend on NCDEX and reported demand from
      South-based plants also helped to push up prices.

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    38,500-41,500       38,000-41,000         --
    (Available price)
    Market delivery    38,600-41,600       38,100-41,100         --
    (Traders price)
    Plant delivery     41,500-42,000       41,000-41,500         --

    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            2,000                  38,500-41,500
    Hinganghat             n.a.               n.a.
    Akola                  500                37,400-40,300
    Amravati               500                38,200-41,200 
    Khamgaon               n.a.               n.a.
    Wardha                 300                38,000-41,300 
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             500                37,600-41,500
    
    Soyabean prices at other places in Maharashtra : Adilabad - n.a., 
    Baramati - n.a., Dhulia - 41,500, Hingoli - 41,000, Jalna - n.a.,
    Koosnoor - 40,900, Malkapur - 41,200, Latur - n.a., Nanded - 40,300, 
    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.            4,400-4,600
    Castor                 n.a.            n.a.            2,800-3,000
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,800-8,000
    Dhaniya                n.a.            n.a.            5,100-5,300 
    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
                                 Tuesday's open   Previous close
    Soyoil refined crushing plant delivery         720            714
    Soyoil solvent crushing plant delivery         680            674
    Cottonseed refined                             690            680
    Cottonseed solvent                             670            660
    Groundnut oil (loose)                          1,250          1,250
    Groundnut oil refined (15 Litre)               2,080          2,080
    Sunflower oil refined                          880            880
    Linseed oil                                    810            800
    Rapeseed oil (for 15 kg)                       1,150          1,140
    Castor oil (for 15 kg)                         1,220          1,210
    Coconut KP oil (for 15 kg)                     1,280          1,250

    AMRAVATI
    Soyoil refined                                 713            707
    Soyoil Solvent                                 673            666
    Cottonseed refined                             690            682
    Cottonseed solvent                             670            664

    AKOLA
    Soyoil refined                                 715            710
    Soyoil Solvent                                 675            669
    Cottonseed refined oil                         688            681
    Cottonseed solvent oil                         668            661

    DHULIA
    Soyoil refined                                 723            717
    
    AURANGABAD
    Soyoil refined                                 725            721

    JALNA
    Soyoil refined                                 725            718

    LATUR
    Soyoil refined                                 722            718

    NANDED
    Soyoil refined                                 726            721
    
    Soyoil refined prices at other places in Maharashtra : Adilabad - 724, 
    Baramati - 725, Chalisgaon - 726, Pachora - 724, Parbhani - 726,
    Koosnoor - 728, Solapur - 725, Supa - 727, Sangli - 729.

Nagpur soymeal prices in rupees per tonne
                             Tuesday's open     Previous Close
    Soymeal (Nagpur)                36,800-37,200     36,800-37,200

    Soymeal prices at other places in Maharashtra : Adilabad - 37,300 
    Akola - 37,000, Baramati - n.a., Dhulia - 37,600, Hingoli - 37,100, 
    Jalna - 37,500, Koosnoor - 37,800, Latur - 37,800, Nanded - 37,900,
    Pachora - n.a., Solapur - 38,000, Supa - n.a., Sangli - 38,500

WEATHER (NAGPUR)  
Maximum temp. 42.8 degree Celsius (109.0 degree Fahrenheit), minimum temp.
22.7 degree Celsius (72.9 degree Fahrenheit)
Humidity: Highest - 44 per cent, lowest - 13 per cent.
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 43 and 24 degree
Celsius respectively.

Note: n.a.--not available

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