Jul 30 2009 2:00PM
Nagpur, July 30 (Reuters) - Rapeseed oil prices tumbled in the Vidarbha
region of Western Mahasrashtra on account of ample supply against slackness in
demand. Increased arrivals from producing belts amid fall in demand mainly
pulled down prices. Fresh fall in international oil and subdued trend on Madhya
Pradesh oil market also affected sentiment in thin trading activity, sources
said Thursday
* * * *
VIDARBHA MARKETS
OILS
* Weak trend in Soyabean oil continued in Vidarbha on lack of demand from
local traders amid profit-taking selling by stockists at higher level.
Sharp fall in Madhya Pradesh soyabean oil also affected sentiment.
* Cottonseed, Groundnut loose, Groundnut refined, Sunflower
refined, Linseed, Castor 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 reported down on lack of demand from traders amid release of
stock from stockists. Even though Chicago soymeal prices recovered by
about five dollar per tonne, no trader was in mood for any commitment.
SOYABEAN
* Soyabean prices in the Nagpur Agriculture Produce and Marketing Committee
(APMC) showed weak tendency on lack of demand from local crushing plants.
Further fall in soyabean oil, easy condition in soymeal and downward
trend in Madhya Pradesh soya prices also said to be the reasons for
affecting morale of crushing plants.
* High moisture content (about 15 per cent) soya was available at Rs 18,200
per tonne in Nagpur.
* About 1,200 bags reported for auction in major soya mandi in Vidarbha,
sources said Thursday.
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