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Nagpur Soybean, Soyoil, Soymeal Open- Nov 24
November 24, 2012 / 9:19 AM / 5 years ago

Nagpur Soybean, Soyoil, Soymeal Open- Nov 24

Nagpur, Nov 24 (Reuters) - Soyabean and cottonseed oil prices rose in Vidarbha region of
Western Maharashtra on fresh buying by Vansaspati millers for the festive season amid a firming
global trend. Sentiment also improved after American soya digam and Malaysian palm oil continued
to go up. Upward trend on NCDEX, healthy rise in Madhya Pradesh soyabean oil, reported demand
from South-based traders and weak overseas supply also fuelled price, 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 upward trend in soyabean and cottonseed oil here.

    SOYMEAL
   * Prices today ruled steady here but demand was poor in thin trading activity.

     SOYABEAN
   * New soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
     (APMC) quoted lower on poor demand from local crushing plants amid high moisture
     content arrival. No takers to soymeal and easy condition in Madhya Pradesh soyabean
     prices also affected sentiment. Farmers were reluctant to sell soyabean at low
     prices, affecting arrival.
   * About 40,000 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    27,500-32,150       27,700-32,200         --


    (Available price)
    Market delivery    27,600-32,250       27,800-32,300         --


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



    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            8,000                  27,500-32,150
    Hinganghat             n.a.               n.a.
    Akola                  4,000              27,300-32,300
    Amravati               2,000              27,800-32,300
    Khamgaon               n.a.               n.a.
    Wardha                 2,000              27,500-32,000
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             2,000              27,400-32,200

    Soyabean prices at other places in Maharashtra : Adilabad - n.a.,
    Baramati - n.a., Dhulia - 32,800 Hingoli - 32,300, Jalna - n.a.,
    Koosnoor - 32,800, Malkapur - 32,700, Latur - n.a., Nanded - 32,400,
    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                10            4,000-4,200       4,100-4,300
    Castor                 n.a.            n.a.            2,800-3,000
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.               n.a.            6,000-6,200
    Dhaniya                20            4,300-4,500       4,200-4,500
    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         735            729
    Soyoil solvent crushing plant delivery         695            689
    Cottonseed refined                             725            720
    Cottonseed solvent                             705            700
    Groundnut oil (loose)                          1,160          1,160
    Groundnut oil refined (15 Litre)               1,950          1,950
    Sunflower oil refined                          800            800
    Linseed oil                                    850            850
    Rapeseed oil (for 15 kg)                       1,290          1,290
    Castor oil (for 15 kg)                         1,170          1,170
    Coconut KP oil (for 15 kg)                     1,170          1,170

    AMRAVATI
    Soyoil refined                                 730            731
    Soyoil Solvent                                 690            687
    Cottonseed refined                             724            721
    Cottonseed solvent                             704            702

    AKOLA
    Soyoil refined                                 731            727
    Soyoil Solvent                                 691            687
    Cottonseed refined oil                         726            723
    Cottonseed solvent oil                         706            702

    DHULIA
    Soyoil refined                                 741            737

    AURANGABAD
    Soyoil refined                                 741            739

    JALNA
    Soyoil refined                                 739            734

    LATUR
    Soyoil refined                                 743            738

    NANDED
    Soyoil refined                                 739            733

    Soyoil refined prices at other places in Maharashtra : Adilabad - 742,
    Baramati - 745, Chalisgaon - 747, Pachora - 741, Parbhani - 743,
    Koosnoor - 745, Solapur - 740, Supa - 745, Sangli - 749.

Nagpur soymeal prices in rupees per tonne
                             Saturday's open    Previous Close
    Soymeal (Nagpur)                27,300-27,600       27,300-27,600

    Soymeal prices at other places in Maharashtra : Adilabad - 27,800
    Akola - 27,500, Baramati - n.a., Dhulia - 28,000, Hingoli - 28,300,
    Jalna - 28,000, Koosnoor - 28,100, Latur - 28,200, Nanded - 28,000,
    Pachora - n.a., Solapur - 28,300, Supa - n.a., Sangli - 28,500-28,700.

WEATHER (NAGPUR)
Maximum temp. 32.0 degree Celsius (89.6 degree Fahrenheit), minimum temp.
15.8 degree Celsius (60.4 degree Fahrenheit)
Humidity: Highest - 80 per cent, lowest - 48 per cent.
Rainfall :  .0 mm
FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 31 and 16 degree
Celsius respectively.

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