September 28, 2013 / 9:27 AM / in 4 years

Nagpur Soybean, Soyoil, Soymeal Open-Sep 28

Nagpur, Sept 28 (Reuters) - Soyabean oil prices rose up in Vidarbha region of Western
Maharashtra on fresh buying by Vansaspati millers for the festival season amid a firming global
trend. Sentiment also improved as fresh hike reported in Madhya Pradesh soyabean oil prices.
Fresh enquiries from South-based traders also boosted prices, according to sources.

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    VIDARBHA MARKETS
    OILS
   * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed,
     castor and coconut KP oil prices ruled steady in sluggish trading activity.
   * Traders expect nearly steady trend in major edible oils.

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

  SOYABEAN
   * Soyabean prices in Nagpur APMC reported strong on increased buying support from
     local crushing plants amid weak supply from producing belts. Notable rise in
     soyabean oil, fresh hike on NCDEDX, upward trend in Madhya Pradesh soyabean prices
     and renewed demand from South-based crushing plants also pushed up prices, according
     to sources.

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
           Available          Previous
                       Auction price    (Auction price)
    Market delivery    30,000-33,900       29,300-33,900         --


    (Available price)
    Market delivery    30,100-34,000       29,400-34,000         --


    (Traders price)
    Plant delivery     34,500-35,000       34,500-35,000         --



    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
    Nagpur            500                   30,000-33,900
    Hinganghat             n.a.               n.a.
    Akola                  200              29,800-33,800
    Amravati               n.a.               n.a.
    Khamgaon               n.a.               n.a.
    Wardha                 300              29,500-34,300
    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 - 34,900, Hingoli - 34,600, Jalna - n.a.,
    Koosnoor - 35,200, Malkapur - 34,800, Latur - n.a., Nanded - 34,900,
    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.            2,400-2,600
    Groundnut              n.a.            n.a.            700-900
    Linseed                n.a.            n.a.            4,100-4,300
    Castor                 n.a.            n.a.            2,700-2,850
    Rapeseed               n.a.            n.a.            1,520-1,625
    Til                    n.a.                n.a.            7,800-8,000
    Dhaniya                n.a.            n.a.            6,200-6,400
    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         702            698
    Soyoil solvent crushing plant delivery         662            658
    Cottonseed refined                             685            685
    Cottonseed solvent                             665            665
    Groundnut oil (loose)                          860            860
    Groundnut oil refined (15 Litre)               1,520          1,520
    Sunflower oil refined                          920            920
    Linseed oil                                    770            770
    Rapeseed oil (for 15 kg)                       1,150          1,150
    Castor oil (for 15 kg)                         1,210          1,210
    Coconut KP oil (for 15 kg)                     1,425          1,425

    AMRAVATI
    Soyoil refined                                 695            692
    Soyoil Solvent                                 655            652
    Cottonseed refined                             685            685
    Cottonseed solvent                             665            665

    AKOLA
    Soyoil refined                                 696            694
    Soyoil Solvent                                 656            654
    Cottonseed refined oil                         685            685
    Cottonseed solvent oil                         665            665

    DHULIA
    Soyoil refined                                 709            706

    AURANGABAD
    Soyoil refined                                 710            709
    JALNA
    Soyoil refined                                 711            709
    LATUR
    Soyoil refined                                 710            706

    NANDED
    Soyoil refined                                 712            708

    Soyoil refined prices at other places in Maharashtra : Adilabad - 713,
    Baramati - 710, Chalisgaon - 714, Pachora - 709, Parbhani - 711,
    Koosnoor - 707, Solapur - 712, Supa - 714, Sangli - 715.

Nagpur soymeal prices in rupees per tonne
                       Saturday's open     Previous Close
    Soymeal (Nagpur)                32,100-32,500       32,100-32,500

    Soymeal prices at other places in Maharashtra : Adilabad - 32,700
    Akola -32,200, Baramati - n.a., Dhulia - 32,900, Hingoli - 33,000,
    Jalna - 32,900, Koosnoor - 32,800, Latur - 33,000, Nanded - 32,900,
    Pachora - n.a., Solapur - 33,100, Supa - n.a., Sangli - 33,500

WEATHER (NAGPUR)
Maximum temp. 33.5 degree Celsius (92.3 degree Fahrenheit), minimum temp.
23.4 degree Celsius (74.1 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : nil
FORECAST: Generally cloudy sky. Maximum and Minimum temperature likely to be around 35 and 23
degree Celsius respectively.

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