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Nagpur Soybean, Soyoil, Soymeal Open- January 22
January 22, 2013 / 10:04 AM / 5 years ago

Nagpur Soybean, Soyoil, Soymeal Open- January 22

Nagpur, Jan 22 (Reuters) - Select edible oil prices zoomed up in Vidarbha region of Western
Maharashtra on increased offtake by vanaspati millers amid a firming global trend. Buying
activity reported high as palm oil prices in Malaysia, the second largest producer, quoted
strong. Upward trend in Madhya Pradesh edible oil and reported demand from South-based traders
also boosted prices, sources said Tuesday.

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    VIDARBHA MARKETS
    OILS
   * Soyabean, cottonseed, groundnut loose, linseed and coconut KP reported sharp
     recovery here on increased demand from local traders amid tight supply from
     producing regions. Unseasonal rains which reportedly affected oil seed crop in major
     producer states also activated stockists.
   * Groundnut refined, sunflower refined, rapeseed and castor ruled steady in weak
     trading activity.
   * Traders expect further rise in linseed and coconut KP oil here as supply from
     producing regions reported poor.

    SOYMEAL
   * Prices today quoted static here but demand was poor in thin trading activity.

     SOYABEAN
   * New soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
     (APMC) firmed up again on increased demand from local crushing plants amid weak
     supply from producing belts. Further rise on NCDEX, notable hike in soyabean oil,
     upward trend in Madhya Pradesh soyabean prices and enquiries from South-based
     crushing plants also helped to push up prices.
   * Between 20,000 and 25,000 soyabean bags reported for auctions in all over Vidarbha,
     according to sources.

    Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    30,300-32,400       30,000-32,200         --


    (Available price)
    Market delivery    30,400-32,500       30,100-32,300         --


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



    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            2,500                  30,300-32,400
    Hinganghat             n.a.               n.a.
    Akola                  1,000              29,800-32,900
    Amravati               1,000              30,000-32,200
    Khamgaon               n.a.               n.a.
    Wardha                 1,000              29,800-32,600
    Arvi                   n.a.               n.a.
    Umred                  n.a.               n.a.
    Chandrapur             1,500              30,200-32,500

    Soyabean prices at other places in Maharashtra : Adilabad - n.a.,
    Baramati - n.a., Dhulia - 32,900, Hingoli - 32,400, Jalna - n.a.,
    Koosnoor - 32,500, Malkapur - 33,000, Latur - n.a., Nanded - 32,500,
    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.            4,300-4,500
    Castor                 n.a.            n.a.            2,800-3,000
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,500-8,000
    Dhaniya                30            5,500-5,800       5,500-5,800
    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         740            736
    Soyoil solvent crushing plant delivery         700            695
    Cottonseed refined                             725            720
    Cottonseed solvent                             705            700
    Groundnut oil (loose)                          1,190          1,180
    Groundnut oil refined (15 Litre)               2,010          2,010
    Sunflower oil refined                          860            860
    Linseed oil                                    900            880
    Rapeseed oil (for 15 kg)                       1,270          1,270
    Castor oil (for 15 kg)                         1,230          1,230
    Coconut KP oil (for 15 kg)                     1,290          1,250

    AMRAVATI
    Soyoil refined                                 737            735
    Soyoil Solvent                                 697            694
    Cottonseed refined                             723            720
    Cottonseed solvent                             703            700

    AKOLA
    Soyoil refined                                 737            735
    Soyoil Solvent                                 697            695
    Cottonseed refined oil                         725            719
    Cottonseed solvent oil                         705            699

    DHULIA
    Soyoil refined                                 744            741

    AURANGABAD
    Soyoil refined                                 744            742

    JALNA
    Soyoil refined                                 747            744

    LATUR
    Soyoil refined                                 748            743

    NANDED
    Soyoil refined                                 751            747

    Soyoil refined prices at other places in Maharashtra : Adilabad - 751,
    Baramati - 749, Chalisgaon - 750, Pachora - 751, Parbhani - 753,
    Koosnoor - 750, Solapur - 752, Supa - 752, Sangli - 755.

Nagpur soymeal prices in rupees per tonne
                             Tuesday's open      Previous Close
    Soymeal (Nagpur)                26,200-26,400       26,200-26,400

    Soymeal prices at other places in Maharashtra : Adilabad - 27,000
    Akola - 26,500, Baramati - n.a., Dhulia - 26,700, Hingoli - 27,000,
    Jalna - 27,200, Koosnoor - 27,100, Latur - 26,900, Nanded - 27,100,
    Pachora - n.a., Solapur - 27,400, Supa - n.a., Sangli - 28,000

WEATHER (NAGPUR)
Maximum temp. 27.2 degree Celsius (81.0 degree Fahrenheit), minimum temp.
10.4 degree Celsius (50.7 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall :  .0 mm
FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 29 and 11 degree
Celsius respectively.

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