Nagpur Soybean, Soyoil, Soymeal Open-October 14
Nagpur, Oct 14 (Reuters) - Groundnut, linseed and coconut KP oil today declined sharply in
Vidarbha region of Western Maharashtra on stockists selling, driven by higher arrival from
producing regions. Fall in demand from millers and retailers also put pressure on these oils.
Besides, sufficient stocks and weak trend in producing regions also pulled down prices, sources
said Tuesday.
* * * *
VIDARBHA MARKETS
OILS
* Soyabean, cottonseed, sunflower refined and castor oil ruled steady here in limited
trading activity.
* Traders expect nearly steady trend in major edible oils here.
SOYMEAL
* Weak trend in soymeal continued here on lack of demand from crushing plants. Further
fall in international soymeal prices also affected sentiment in thin trading
activity.
SOYABEAN
* Soyabean prices moved down in Nagpur Agriculture Produce and Marketing
Committee (APMC) on poor demand from local crushing plants amid high moisture
content arrival. No takers to soyabean oil, fresh fall in soymeal also affected
sentiment.
Nearly 900 soyabean bags (moisture content about 20 per cent) 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 25,000-29,000 26,000-29,700 --
(Available price)
Market delivery 25,100-29,100 26,100-29,800 --
(Traders price)
Plant delivery 30,300-30,600 30,500-30,900 --
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 200 26,900-30,500
Amravati 200 25,700-30,200
Khamgaon n.a. n.a.
Wardha 200 26,000-30,000
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.,
Washim - 30,500, Dhulia - 30,750, Hingoli - 29,500, Jalna - 31,000,
Koosnoor - 30,200, Malkapur - 34,700, Latur - 27,900, Nanded - 29,500,
Solapur - 30,100, Sangli - 29,000.
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. 4,200-4,600
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. 7,000-7,500
Bajra n.a. n.a. n.a.
Gavarani Corn n.a. n.a. 1,350-1,376
Dhan n.a. n.a. 1,800-1,950
Oil prices in rupees per 10 kilograms:
NAGPUR
Friday's open Previous close
Soyoil refined crushing plant delivery 699 699
Soyoil solvent crushing plant delivery 660 660
Cottonseed refined 715 715
Cottonseed solvent 695 695
Groundnut oil (loose) 1,150 1,160
Groundnut oil refined (15 Litre) 1,880 1,900
Sunflower oil refined 990 990
Linseed oil 1,150 1,160
Rapeseed oil (for 15 kg) 1,190 1,190
Castor oil (for 15 kg) 1,250 1,250
Coconut KP oil (for 15 kg) 1,850 1,880
AMRAVATI
Soyoil refined 694 694
Soyoil Solvent 654 654
Cottonseed refined 710 710
Cottonseed solvent 690 690
AKOLA
Soyoil refined 695 695
Soyoil Solvent 655 655
Cottonseed refined oil 710 710
Cottonseed solvent 690 690
DHULIA
Soyoil refined 707 707
AURANGABAD
Soyoil refined
707 707
JALNA
Soyoil refined
709 709
NANDED
Soyoil refined 709 709
Soyoil refined prices at other places in Maharashtra : Adilabad - 707,
Baramati - 707, Chalisgaon - 709, Pachora - 710, Parbhani - 708,
Koosnoor - 708, Solapur - 709, Supa - 708, Sangli - 710.
Nagpur soymeal prices in rupees per tonne
Friday's open Previous Close
Soymeal (Nagpur) 28,500-29,000 29,000-29,500
Soymeal prices at other places in Maharashtra : Adilabad - 29,500
Akola - 28,700, Washim - 29,100, Dhulia - 29,200, Hingoli - 29,600,
Jalna - 30,000, Nandurbar - 29,700, Khamgaon - 28,300, Latur - 29,000,
Nanded - 29,500, Pachora - n.a., Solapur - 28,100, Supa - n.a., Dharwad -
29,200, Sangli - 28,500
WEATHER (NAGPUR)
Maximum temp. 34.0 degree Celsius (93.2 degree Fahrenheit), minimum temp.
15.0 degree Celsius (68.5 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 34 and 15
degree Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)
* * * * * *Our Standards: The Thomson Reuters Trust Principles.