Nagpur Soybean, Soyoil, Soymeal Open-October 13
Nagpur, Oct 13 (Reuters) – Soyabean oil prices today zoomed 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 after as Malaysian palm oil and American soya digam recovered
smartly. Healthy rise on NCDEX, fresh hike in Madhya Pradesh soyabeal oil prices and reported
demand from South-based traders also fuelled prices, according to sources.
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VIDARBHA MARKETS
OILS
* Meanwhile, Castor oil suffered heavily here in absence of buyers amid profit-taking
selling by stockists at higher level.
* Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed,
and Coconut KP oil ruled steady here in sluggish trading activity.
* Traders expect upward trend in Soyabean oil here.
SOYMEAL
* Soymeal prices today ruled steady here on subdued demand from local traders amid
ample stock in ready position.
SOYABEAN
* Soyabean prices recovered in Nagpur Agriculture Produce Marketing
Committee (APMC) on renewed demand from local crushing plants amid weak supply from
producing regions. Healthy rise in soyabean oil, upward trend on NCDEX, fresh hike in
Madhya Pradesh soyabean prices and reported demand from South-based millers also
helped to push up prices.
About 5,000 soyabean bags reported for auctions here, according to sources.
Nagpur soybean prices in rupees/tonne:
-----Soybean yellow----- Soybean black
Available Previous
Auction price (Auction price)
Market delivery 24,000-27,000 24,000-26,600 --
(Available price)
Market delivery 24,100-27,100 24,100-27,000 --
(Traders price)
Plant delivery 28,000-29,000 28,000-29,000 --
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 2,500 23,500-26,500
Amravati 1,500 24,700-26,200
Khamgaon n.a. n.a.
Wardha 1,500 23,200-26,800
Arvi n.a. n.a.
Umred n.a. n.a.
Chandrapur n.a. n.a
Soyabean plant prices at other places in Maharashtra : Adilabad – n.a.,
Akola - 30,000, Washim – 30,300, Dhulia – 30,200, Hingoli – 30,200,
Jalna – 30,100, Koosnoor – 30,300, Malkapur – 30,200, Latur – 30,200,
Nanded – 30,200, Solapur – 30,200, Sangli – 30,400.
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), cotton
(100 kg) 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. 4,300-4,600
Castor n.a. n.a. 2,850-3,000
Rapeseed n.a. n.a. 1,520-1,625
Til n.a. n.a. 7,500-8,000
Dhaniya n.a. n.a. 5,400-5,800
Bajra n.a. n.a. n.a.
Gavarani Corn n.a. n.a. 1,350-1,500
Dhan n.a. n.a. 2,200-2,250
Cotton n.a. n.a. 4,950-5,025
NAGPUR
Friday’s open Previous close
Soyoil refined crushing plant delivery 704 700
Soyoil solvent crushing plant delivery 664 660
Cottonseed refined 730 730
Cottonseed solvent 710 710
Groundnut oil (loose) 1,000 1,000
Groundnut oil refined (15 Litre) 1,600 1,600
Sunflower oil refined 750 750
Linseed oil 790 790
Rapeseed oil (for 15 kg) 1,180 1,180
Castor oil (for 15 kg) 1,590 1,620
Coconut KP oil (for 15 kg) 2,950 2,950
AMRAVATI
Soyoil refined 702 697
Soyoil Solvent 662 660
Cottonseed refined 730 730
Cottonseed solvent 710 710
AKOLA
Soyoil refined 703 700
Soyoil Solvent 663 660
Cottonseed refined oil 730 730
Cottonseed solvent 710 710
DHULIA
Soyoil refined 708 704
AURANGABAD
Soyoil refined
709 705
JALNA
Soyoil refined
710 707
NANDED
Soyoil refined 710 708
Soyoil refined prices at other places in Maharashtra : Adilabad – 712,
Baramati – 711, Latur - 710, Parbhani – 709, Koosnoor – 78, Solapur – 711,
Sangli – 711.
Nagpur soymeal prices in rupees per tonne
Friday’s open Previous Close
Soymeal (Nagpur) 23,500-24,000 23,500-24,000
Soymeal prices at other places in Maharashtra : Adilabad – 24,000
Akola – 23,500, Washim – 24,000, Dhulia – 24,100, Hingoli – 23,200,
Jalna – 24,000, Nandurbar – 24,000, Khamgaon – 22,800, Latur – 24,300,
Nanded – 23,800, Parbhani – 24,100, Solapur – 24,200, Supa – n.a.,
Dharwad – 24,400, Sangli – 24,000
WEATHER (NAGPUR)
Maximum temp. 33.2 degree Celsius, minimum temp. 23.8 degree Celsius
Rainfall : Nil
FORECAST: Generally cloudy sky with one or two spells of rains or thundershowers. Maximum and
minimum temperature would be around and 34 and 24 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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