Nagpur, Nov 17 (Reuters) - Selected edible oil continued its downward march
in Vidarbha region of Western Maharashtra on lack of demand from traders. Profit
taking selling by stockists at higher level, fresh fall in American soya digam
prices and easy condition on Madhya Pradesh oil market also affected prices.
Trading activity was reported thin as traders adopted wait and watch move,
sources said Saturday.
* * * *
VIDARBHA MARKETS
OILS
* Soya and Cottonseed oil showed weak tendency on poor buying support from
local traders. Release of stock from stockists and fresh fall in Madhya
Pradesh soya oil also affected prices.
* Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Castor
and Coconut KP oil prices reported steady in thin trading activity.
* Traders expect nearly steady trend in major edible oil in Vidarbha.
SOYMEAL
* Prices nosedived in Vidarbha region on poor buying support from traders.
Profit-taking selling by stockists at higher level and easy condition on
international edible oil also affected prices in thin trading activity.
SOYABEAN
* Soybean prices in the Nagpur Agriculture Produce and Marketing Committee
(APMC) reported down on poor demand from local crushing plants. Release
of stock from stockists, sharp fall in soymeal and weak trend in soya oil
forced to pull down prices. Fresh fall in Madhya Pradesh soya prices also
affected sentiment. High moisture content soya was available at Rs 15,300
per tonne in Nagpur.
* About one lac bags reported for auction in major soya mandi in
Vidarbha, sources said Friday.
Nagpur soybean prices in rupees/tonne:
-----Soybean yellow----- Soybean black
Saturday's Previous
Available price (Auction price)
Market delivery 16,100-17,800 16,400-18,000 -
(Available price)
Market delivery 16,200-17,900 16,500-18,100 -
(Traders price)
Plant delivery 17,300-17,700 17,500-18,000 -
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 35,000 16,100-17,800
Hinganghat -- -
Akola 20,000 16,000-18,000
Amravati 10,000 16,400-18,100
Khamgaon 10,000 16,000-17,900
Wardha 15,000 16,300-18,200
Arvi -- -
Umred -- -
Chandrapur 10,000 16,000-17,800
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 --- --- 1,800-2,100
Groundnut --- --- 1,400-1,520
Linseed --- --- 2,100-2,300
Castor --- --- 1,450-1,700
Rapeseed --- --- 1,520-1,625
Til --- --- 3,300-3,400
Dhaniya --- --- 3,400-3,600
Oil prices in rupees per 10 kilograms:
NAGPUR
Saturday's open Previous close
Soyoil solvent crushing plant delivery 481 488
Soyoil solvent market delivery 479 486
Soyoil refined crushing plant delivery 522 527
Soyoil refined market delivery 520 525
Cottonseed refined 525 530
Cottonseed solvent 495 500
Groundnut oil (loose) 650 650
Groundnut oil refined (15 Litre) 1,150 1,150
Sunflower oil refined 650 650
Linseed oil 590 590
Rapeseed oil (for 15 kg) 900 900
Castor oil (for 15 kg) 725 725
Coconut KP oil 950 950
AMRAVATI
Soyoil refined 522 526
Soyoil Solvent 484 488
Cottonseed refined 523 525
Cottonseed solvent 493 495
AKOLA
Soyoil refined 526 529
Soyoil Solvent 486 490
Cottonseed refined oil 523 527
Cottonseed solvent oil 493 497
DHULIA
Soyoil refined 538 541
Soyoil Solvent 490 493
Cottonseed refined 526 528
Cottonseed solvent 496 497
AURANGABAD
Soyoil refined 528 530
JALNA
Soyoil refined 525 528
LATUR
Soyoil refined 529 534
NANDED
Soyoil refined 525 530
Nagpur soymeal prices in rupees per tonne
Saturday's open Previous close
Soymeal 12,600-12,900 13,000-13,300
WEATHER (Nagpur):
Maximum temp. 31.4 degree Celsius (88.5 degree Fahrenheit), minimum temp.
16.0 degree Celsius (60.8 degree Fahrenheit)
Humidity: Highest - 83 per cent, lowest - 20 per cent.
FORECAST: Mainly clear sky. Minimum temperature likely to around 15 degree
Celsius.
Minimum Temp at other places: Akola - 12.5, Amravati - 15.8, Bramhapuri - 14.7,
Buldana - 15.0, Gondia - 12.0, Wardha - 13.0, Washim - 14.0, Yavatmal - 15.2.
Note: n.a.--not available
Rapeseed is also known as mustard seed.
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)
Keywords: NAGPUR SOYA/