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Nagpur Soybean, Soyoil, Soymeal Open-July 14
July 14, 2015 / 9:34 AM / 2 years ago

Nagpur Soybean, Soyoil, Soymeal Open-July 14

Nagpur, July 14 (Reuters) - Barring a rise in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Notable rise in demand from millers and retailers against
inadequate stocks mainly pushed Soyabean oil prices up. Strong rally on international edible oil
market and firm trend on NCDEX also boosted sentiment, sources said Tuesday.


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    VIDARBHA MARKETS
    OILS
   * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
     rapeseed, castor and coconut KP oil ruled steady here in sluggish trading activity.
 
   * Traders expect further fall in coconut oil as supply reported high from producing 
     regions. 
    
   SOYMEAL
   * Prices today quoted static here on subdued demand from local traders amid ample 
     stock in ready position.    

  SOYABEAN
   * Soyabean prices reported higher in Nagpur Agriculture Produce and Marketing 
     Committee (APMC) on increased demand from local crushing plants amid thin arrival 
     from producing regions. Weak monsoon, firm trend in soyabean oil, upward trend on 
     NCDEX and reported demand from South-based 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    31,750-35,100       31,400-35,100         --
    (Available price)
    Market delivery    31,850-35,200       31,500-35,200          --
    (Traders price)
    Plant delivery     36,500-37,000       36,500-37,000          --

    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                  100              31,600-35,000
    Amravati               100                32,000-34,900 
    Khamgaon               n.a.               n.a.
    Wardha                 100              31,700-34,900 
    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 - 36,000, Hingoli - 36,100, Jalna - n.a.,
    Koosnoor - 36,600, Malkapur - 36,200, Latur - 36,200, Nanded - 36,000, 
    Washim - 35,700, Solapur - 36,000.
    
    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.            4,200-4,500
    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.            8,500-9,000 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.          1,100-1,150
    Dhan            n.a.               n.a.            1,800-1,920
       
Oil prices in rupees per 10 kilograms:
    NAGPUR
                                              Tuesday's open   Previous close    
    Soyoil refined crushing plant delivery         643            640
    Soyoil solvent crushing plant delivery         603            600    
    Cottonseed refined                             630            630
    Cottonseed solvent                             610            610
    Groundnut oil (loose)                          1,100          1,100
    Groundnut oil refined (15 Litre)               1,710          1,710
    Sunflower oil refined                          820            820
    Linseed oil                                    770            770
    Rapeseed oil (for 15 kg)                       1,210          1,210
    Castor oil (for 15 kg)                         1,350          1,350
    Coconut KP oil (for 15 kg)                     2,250          2,250

    AMRAVATI
    Soyoil refined                                 641            640
    Soyoil Solvent                                 601            600
    Cottonseed refined                             630            630
    Cottonseed solvent                             610            610
    AKOLA
    Soyoil refined                                 641            638
    Soyoil Solvent                                 602            600        
    Cottonseed refined oil                         630          630
    Cottonseed solvent oil                         610            610
    DHULIA
    Soyoil refined                                 651            649 
  
    AURANGABAD
    Soyoil refined 
                                                653            650
    JALNA
    Soyoil refined 
                                                   651            650
    NANDED
    Soyoil refined                                 653            650
   
    Soyoil refined prices at other places in Maharashtra : Adilabad - 653, 
    Baramati - 651, Chalisgaon - 654, Pachora - 652, Parbhani - 652,
    Koosnoor - 652, Solapur - 655, Supa - 653, Sangli - 655.

Nagpur soymeal prices in rupees per tonne

                 Tuesday's open     Previous Close
    Soymeal (Nagpur)                 32,000-32,400      32,000-32,400
    
    Soymeal prices at other places in Maharashtra : Adilabad - 32,600 
    Akola -32,000, Washim - 32,100, Dhulia - 32,400, Hingoli - 32,300, 
    Jalna - 32,100, Koosnoor - 32,600, Latur - 33,500, Nanded - 33,000,
    Pachora - n.a., Solapur - 33,200, Supa - n.a., Sangli - 33,000

WEATHER (NAGPUR)  
Maximum temp. 35.8 degree Celsius (96.4 degree Fahrenheit), minimum temp.
25.2 degree Celsius (75.4 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : 1.1 mm
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 37 and 26
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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