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Nagpur Soybean, Soyoil, Soymeal Open- Nov 20
November 20, 2014 / 10:43 AM / 3 years ago

Nagpur Soybean, Soyoil, Soymeal Open- Nov 20

Nagpur, Nov 20 (Reuters) - Select edible 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 Malaysian palm oil and American soya digam reported
weak. Fresh fall on NCDEX in soyabean oil and downward trend in Madhya Pradesh edible oil prices
also affected sentiment, according to sources.

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    VIDARBHA MARKETS
    OILS     
   * Cottonseed, groundnut loose and sunflower refined oil today opened on weak note on 
     lack of demand from local traders amid increased supply from producing regions.
   * Soyabean, groundnut refined, linseed, rapeseed, castor and coconut KP oils ruled 
     steady here in thin trading activity.
   * Traders expect easy condition in major select edible oils here. 
    
   SOYMEAL
   * Prices today ruled steady here but demand was poor in thin trading activity.  

  SOYABEAN
   * Soyabean prices in Nagpur Agriculture Produce and Marketing Committee (APMC) firmed 
     up on increased demand from local crushing plants amid weak supply from producing 
     regions. Notable rise on NCDEX, upward trend in Madhya Pradesh soyabean prices and
     repeated enquiries from South-based plants also boosted prices here. 
     About 7,000 bags reported for auction here and high moisture content 
     soyabean (more than 19 per cent) was available at Rs 26,300 per tonne here, 
     according to sources. 

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    27,500-33,850       27,200-33,700         --
    (Available price)
    Market delivery    27,600-33,950       27,300-33,800          --
    (Traders price)
    Plant delivery     31,300-32,000       31,300-32,000          --

    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                  800              26,900-34,000
    Amravati               200                26,300-33,500 
    Khamgaon               n.a.               n.a.
    Wardha                 200              27,200-33,400 
    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 - 33,800, Hingoli - 33,700, Jalna - n.a.,
    Koosnoor - 33,800, Malkapur - 34,000, Latur - n.a., Nanded - n.a., 
    Washim - 33,700, 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) 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.            4,300-4,500
    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.            9,800-10,000 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.          1,100-1,150
    Dhan            n.a.            n.a.             1,500-2,160
       
Oil prices in rupees per 10 kilograms:
    NAGPUR
                                 Thursday's open   Previous close    
    Soyoil refined crushing plant delivery         610            610
    Soyoil solvent crushing plant delivery         570            570    
    Cottonseed refined                             590            600
    Cottonseed solvent                             580            680
    Groundnut oil (loose)                          880            890
    Groundnut oil refined (15 Litre)               1,450          1,450
    Sunflower oil refined                          670            680
    Linseed oil                                    760            760
    Rapeseed oil (for 15 kg)                       1,130          1,130
    Castor oil (for 15 kg)                         1,340          1,340
    Coconut KP oil (for 15 kg)                     2,680          2,680

    AMRAVATI
    Soyoil refined                                 607            607
    Soyoil Solvent                                 567            567
    Cottonseed refined                             590            600
    Cottonseed solvent                             570            580
    AKOLA
    Soyoil refined                                 608            608
    Soyoil Solvent                                 568            568        
    Cottonseed refined oil                         590            600
    Cottonseed solvent oil                         570            580

    DHULIA
    Soyoil refined                                 619            619 
  
    AURANGABAD
    Soyoil refined 
                                                620            620
    JALNA
    Soyoil refined 
                                                   622            622
    NANDED
    Soyoil refined                                 618            616
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 620, 
    Baramati - 619, Chalisgaon - 625, Pachora - 623, Parbhani - 623,
    Koosnoor - 620, Solapur - 618, Supa - 622, Sangli - 625.

Nagpur soymeal prices in rupees per tonne

                 Thursday's open     Previous Close
    Soymeal (Nagpur)                 28,000-28,500      28,000-28,500
    
    Soymeal prices at other places in Maharashtra : Adilabad - 29,000 
    Akola -28,200, Baramati - n.a., Dhulia - 29,100, Hingoli - 29,300, 
    Jalna - 29,100, Koosnoor - 29,300, Latur - 29,200, Nanded - 29,700,
    Pachora - n.a., Solapur - 29,600, Supa - n.a., Sangli - 29,900

WEATHER (NAGPUR)  
Maximum temp. 31.8 degree Celsius (88.3 degree Fahrenheit), minimum temp.
12.1 degree Celsius (53.8 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 31 and 11 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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