March 14, 2012 / 9:33 AM / 6 years ago

Nagpur Soybean, Soyoil, Soymeal Open- Mar 14

Soyabean and groundnut oil prices flared up again in Vidarbha region of Western Maharashtra on
renewed demand from local traders amid short supply from local crushing plants. Notable rise in
international edible oil, fresh hike in Madhya Pradesh oil and reported demand from North-based
traders also helped to push up prices. Good demand from South-based traders also boosted prices,
sources said Wednesday.	
	
                   *              *              *              *	
	
    VIDARBHA MARKETS	
    OILS    	
  * Cottonseed, sunflower refined, rapeseed, linseed, castor and coconut KP 	
    oils reported static in sluggish trading activity. 	
  * Traders expect further rise in groundnut oil in Vidarbha as supply reported poor.	
	
    SOYMEAL	
   * Prices today recovered marginally on increased demand from South-based traders amid	
     weak supply from crushing plants. 	
	
     SOYABEAN	
    * Soyabean prices in early trading activity in the Nagpur Agriculture Produce and	
      Marketing Committee (APMC) after touching to a record high today opened on weak 	
      note on lack of demand from local crushing plants amid high moisture content 	
      arrival. Sharp fall in Madhya Pradesh soyabean prices and release of stock from	
      stockists also pulled down prices.	
    * Nearly 10,000 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    22,500-26,700      22,500-27,500         --	
    (Available price)	
    Market delivery    22,600-26,600      22,600-27,600         --	
    (Traders price)	
    Plant delivery     26,500-27,000      26,200-26,500         --	
	
    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            4,000              22,500-26,500	
    Hinganghat             n.a.               n.a.	
    Akola                  2,000              22,700-26,300	
    Amravati               n.a.               n.a. 	
    Khamgaon               n.a.               n.a.	
    Wardha                 1,000              22,800-26,800 	
    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 - 27,000, Hingoli - 26,700, Jalna - n.a.,	
    Koosnoor - 26,900, Latur - 27,100, Nanded - 27,300, 	
    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.            2,450-2,550	
    Groundnut              n.a.            n.a.            700-900	
    Linseed                n.a.            n.a.            3,600-3,700	
    Castor                 n.a.            n.a.            3,800-3,900	
    Rapeseed               n.a.            n.a.            1,520-1,625	
    Til                    n.a.               n.a.           4,100-4,200	
    Dhaniya                20            3,900-4,100       3,900-4,100	
    Bajra                  n.a.            n.a.               n.a.	
	
Oil prices in rupees per 10 kilograms:	
    NAGPUR	
                                            Wednesday's open   Previous close	
    Soyoil refined crushing plant delivery         720            714	
    Soyoil solvent crushing plant delivery         680            675	
    Cottonseed refined                             710            710	
    Cottonseed solvent                             690            690	
    Groundnut oil (loose)                          1,020          1,000	
    Groundnut oil refined (15 Litre)               1,800          1,780	
    Sunflower oil refined                          800            800	
    Linseed oil                                    860            860	
    Rapeseed oil (for 15 kg)                       1,260          1,260	
    Castor oil (for 15 kg)                         1,300          1,300	
    Coconut KP oil (for 15 kg)                     1,380          1,380	
	
    AMRAVATI	
    Soyoil refined                                 715            712	
    Soyoil Solvent                                 675            672	
    Cottonseed refined                             710            710	
    Cottonseed solvent                             690            690	
	
    AKOLA	
    Soyoil refined                                 717            712	
    Soyoil Solvent                                 677            672	
    Cottonseed refined oil                         715            710	
    Cottonseed solvent oil                         695            690	
	
    DHULIA	
    Soyoil refined                                 724            720	
    	
    AURANGABAD	
    Soyoil refined                                 721            717	
	
    JALNA	
    Soyoil refined                                 721            720	
	
    LATUR	
    Soyoil refined                                 719            718	
	
    NANDED	
    Soyoil refined                                 726            722	
    	
    Soyoil refined prices at other places in Maharashtra : Adilabad - 725, 	
    Baramati - 728, Chalisgaon - 729, Pachora - 723, Parbhani - 725,	
    Koosnoor - 723, Solapur - 729, Supa - 725, Sangli - 727.	
	
	
Nagpur soymeal prices in rupees per tonne	
                             Wednesday's open       Previous Close	
    Soymeal (Nagpur)                19,600-20,000          19,500-19,900	
	
    Soymeal prices at other places in Maharashtra : Adilabad - 19,200 	
    Akola - 19,400, Baramati - n.a., Dhulia - 19,600, Hingoli - 19,900, 	
    Jalna - 20,300, Koosnoor - 19,900, Latur - 19,700, Nanded - 20,000,	
    Pachora - n.a., Solapur - 20,200, Supa - n.a., Sangli - 21,600. 	
	
	
WEATHER (NAGPUR)  	
Maximum temp. 35.1 degree Celsius (95.2 degree Fahrenheit), minimum temp.	
17.2 degree Celsius (63.0 degree Fahrenheit)	
Humidity: Highest - 41 per cent, lowest - 15 per cent.	
FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 34 and 16 degree
Celsius respectively.	
	
Note: n.a.--not available	
Rapeseed is also known as mustard seed.

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