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Tuesday, November 20, 2007
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Commodity News
Nov 17 2007 2:05PM
Nagpur Soybean, Soyoil, Soymeal Open-Nov 17
    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/ 
  Source:   

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