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Commodity News
Mar 29 2008 2:30PM
Nagpur Soybean, Soyoil, Soymeal Open-March 29
    Nagpur, Mar 29 (Reuters) Soya oil prices tumbled in the Vidarbha region of 
Western Mahasrashtra on account of ample supply against slackness in demand. 
Sharp fall in American soya digam prices, increased arrivals from producing 
belts amid fall in demand mainly pulled down prices. Subdued trend on Madhya 
Pradesh oil market also affected sentiment in buyerless market, sources said 
Saturday. 
             *              *              *              * 
    VIDARBHA MARKETS 
    OILS 
     * Soya and Cottonseed oil nosedived in Vidarbha on lack of demand from 
       local traders. Fresh fall in Madhya Pradesh soya oil also affected 
       sentiment. Reports about good overseas oil arrival also affected prices. 
     * Groundnut loose, Sunflower refined, Linseed and Rapeseed oil reported 
       sharp fall in Vidarbha on lack of buying support from local 
       traders amid good arrival from producing belts and profit-taking selling 
       by stockists at higher level. 
     * Groundnut refined, Castor and Coconut KP oil ruled steady in thin 
       trading activity. 
     * Traders expect further fall in Soya and Cottonseed oil in Vidarbha. 
    SOYMEAL 
    * Prices ruled steady but demand was poor in thin trading activity. 
    SOYABEAN 
    * Soybean prices in the Nagpur Agriculture Produce and Marketing Committee 
      (APMC) showed weak tendency on lack of buying support from local crushing 
      plants. Sharp fall in Soya oil, no takers to soymeal and easy condition 
      on Madhya Pradesh soya mandi also pushed down prices. Trading activity 
      was reported thin as farmers were reluctant to sell it low prices, 
      affecting arrival. 
    * About 1,500 bags reported for auction in major soya mandi in Vidarbha, 
      sources said Saturday. 
    Nagpur soybean prices in rupees/tonne: 
                           -----Soybean yellow-----       Soybean black 
                        Saturday's          Previous 
                      Available price    (Auction price) 
    Market delivery    21,000-22,600      21,300-23,000         -- 
    (Available price) 
    Market delivery    21,100-22,700      21,400-23,100         -- 
    (Traders price) 
    Plant delivery     22,100-22,500      22,400-22,800         -- 
    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                 21,000-22,600 
    Hinganghat             n.a.                    n.a. 
    Akola                  300                 21,100-22,300 
    Amravati               300                 21,000-22,200 
    Khamgaon               n.a.                    n.a. 
    Wardha                 300                 21,000-22,200 
    Arvi                   n.a.                    n.a. 
    Umred                  n.a.                    n.a. 
    Chandrapur             n.a.                    n.a. 
    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.            1,800-2,100 
    Groundnut              n.a.            n.a.            1,400-1,520 
    Linseed                n.a.            n.a.            3,300-3,500 
    Castor                 n.a.            n.a.            1,450-1,700 
    Rapeseed               n.a.            n.a.            1,520-1,625 
    Til                    n.a.            n.a.            3,300-3,400 
    Dhaniya                n.a.            n.a.            4,800-5,000 
    Bajra                  n.a.            n.a.            n.a. 
Oil prices in rupees per 10 kilograms: 
    NAGPUR 
                                            Saurday's open   Previous close 
    Soyoil solvent crushing plant delivery         600            613 
    Soyoil solvent market delivery                 598            611 
    Soyoil refined crushing plant delivery         624            636 
    Soyoil refined market delivery                 612            634 
    Cottonseed refined                             630            650 
    Cottonseed solvent                             615            630 
    Groundnut oil (loose)                          730            735 
    Groundnut oil refined (15 Litre)             1,230          1,230 
    Sunflower oil refined                          690            700 
    Linseed oil                                    630            650 
    Rapeseed oil (for 15 kg)                       1,030          1,040 
    Castor oil (for 15 kg)                         930            930 
    Coconut KP oil                                 1,120          1,120 
    AMRAVATI 
    Soyoil refined                                 630            645 
    Soyoil Solvent                                 602            614 
    Cottonseed refined                             635            642 
    Cottonseed solvent                             617            632 
    AKOLA 
    Soyoil refined                                 630            641 
    Soyoil Solvent                                 604            613 
    Cottonseed refined oil                         640            655 
    Cottonseed solvent oil                         620            635 
    DHULIA 
    Soyoil refined                                 n.a.           655 
    AURANGABAD 
    Soyoil refined                                 635            645 
    JALNA 
    Soyoil refined                                 630            650 
    LATUR 
    Soyoil refined                                 645            651 
    NANDED 
    Soyoil refined                                 640            654 
Nagpur soymeal prices in rupees per tonne 
                                             Saturday's open   Previous close 
    Soymeal                                  15,400-15,700     15,400-15,700 
WEATHER (Nagpur): 
Maximum temp. 37.0 degree Celsius (98.6 degree Fahrenheit), minimum temp. 
202.8 degree Celsius (69.4 degree Fahrenheit) 
Humidity: Highest - 73 per cent, lowest - 21 per cent. 
FORECAST: Partly cloudy sky with chance of rain or thundershowers. Maximum and 
minimum temperature likely to be around 37 and 21 degree Celsius respectively. 
Maximum Temp in other parts of Vidarbha : Akola - 38.0, Amravati - 37.5, Washim 
- 36.0, Gondia - 37.1, Wardha - 37.6, Yavatmal - 33.8 
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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