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/