Jul 8 2009 1:48PM
Nagpur, July 8 (Reuters) - Prices of soyabean plunged on the Vidarbha oil market in
Western Maharashtra today as stockists indulged in offloading their stock sparked by the local
traders decision to sell directly at competitive rates. Fresh fall in American soya digam
prices, weak trend in Malaysian palm oil and easy condition on Madhya Pradesh oil market also
affected prices. Trading activity was reported thin because of heavy rains since last two
days, sources said Wednesday.
* * * *
VIDARBHA MARKETS
OILS
* Sunflower refined and Castor oil also suffered heavily on poor buying
support from local traders amid profit-taking selling by stockists at
higher level.
* Cottonseed, Groundnut loose, Groundnut refined, Linseed, Rapeseed and
Coconut KP oil prices ruled steady on subdued demand from retailers as
well as bulk consumers.
* Traders expect further fall in soyabean oil in Vidarbha.
SOYMEAL
* Prices today ruled steady but demand was poor.
SOYABEAN
* Soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
(APMC) suffered heavily on lack of demand from local crushing plants.
Sharp fall soyabean oil, no takers to soymeal and downward trend in
Madhya Pradesh soya prices also affected prices in thin trading activity.
Heavy rains since today morning affected trading activity in all over
Vidarbha.
* High moisture content (about 15 per cent) soya was available at Rs 21,100
per tonne in Nagpur.
* About 1,000 bags reported for auction in major soya mandi in
Vidarbha, sources said Wednesday.
Nagpur soybean prices in rupees/tonne:
-----Soybean yellow----- Soybean black
Wednesday's Previous
Available price (Auction price)
Market delivery 22,800-23,500 23,300-24,250 --
(Available price)
Market delivery 22,900-23,600 23,400-24,350 --
(Traders price)
Plant delivery 23,500-24,000 24,500-25,000 --
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 400 22,800-23,500
Hinganghat n.a. n.a.
Akola 250 23,200-23,600
Amravati 100 23,000-24,000
Khamgaon n.a. n.a.
Wardha n.a. n.a.
Arvi n.a. n.a.
Umred n.a. n.a.
Chandrapur 100 23,000-23,700
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. 1,900-2,000
Groundnut n.a. n.a. 1,400-1,520
Linseed n.a. n.a. 3,400-3,500
Castor n.a. n.a. 2,100-2,200
Rapeseed n.a. n.a. 1,520-1,625
Til n.a. n.a. 3,300-3,400
Dhaniya n.a. n.a. 4,500-4,600
Bajra n.a. n.a. n.a.
Oil prices in rupees per 10 kilograms:
NAGPUR
Wednesday's open Previous close
Soyoil refined crushing plant delivery 455 460
Soyoil refined market delivery 453 458
Soyoil solvent crushing plant delivery 413 420
Soyoil solvent market delivery 411 418
Cottonseed refined 450 450
Cottonseed solvent 430 430
Groundnut oil (loose) 610 610
Groundnut oil refined (15 Litre) 1,030 1,030
Sunflower oil refined 480 485
Linseed oil 560 560
Rapeseed oil (for 15 kg) 795 795
Castor oil (for 15 kg) 860 870
Coconut KP oil 970 970
AMRAVATI
Soyoil refined 453 458
Soyoil Solvent 414 419
Cottonseed refined 457 457
Cottonseed solvent 437 437
AKOLA
Soyoil refined 456 461
Soyoil Solvent 416 421
Cottonseed refined oil 453 453
Cottonseed solvent oil 433 433
DHULIA
Soyoil refined 459 464
AURANGABAD
Soyoil refined 460 466
JALNA
Soyoil refined 461 466
LATUR
Soyoil refined 450 455
NANDED
Soyoil refined 452 457
Soyoil refined prices at other places in Maharashtra : Adilabad - 461,
Baramati - 463, Jalna - 460, Parbhani - 462, Koosnoor - 450, Pachora - 452,
Solapur - 463, Supa - 460, Sangli - 462.
Nagpur soymeal prices in rupees per tonne
Wednesday's open Previous Close
Soymeal (Nagpur) 20,600-20,800 20,600-20,800
Soymeal prices at other places in Maharashtra : Adilabad - 21,100, Akola - 20,900,
Baramati - n.a., Dhulia - 21,200, Hingoli - 21,400, Koosnoor - n.a., Latur - 21,000,
Nanded - 21,500, Pachora - n.a., Solapur - 21,300,
Supa - n.a., Sangli - 22,800.
WEATHER (Nagpur):
Maximum temp. 34.3 degree Celsius (93.7 degree Fahrenheit), minimum temp.
25.0 degree Celsius (77.0 degree Fahrenheit)
Humidity: Highest - 98 per cent, lowest - 62 per cent.
FORECAST: Few spells of light to moderate rains. Maximum and Minimum temperature likely to be
around 31 and 26 degree Celsius respectively.
RAINFALL (in mm) : Nagpur - 15.7
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