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Commodity News
Dec 22 2007 3:10PM
Nagpur Soybean, Soyoil, Soymeal Open-December 22
    Nagpur, Dec 22 (Reuters) - Selected edible oil skyrocketed in Vidarbha 
region of Western Maharashtra on renewed demand from local traders amid short 
supply from local crushing plants. Notable rise in American soya digam prices, 
upward trend on NCDEX, further hike in Madhya Pradesh oil and reported demand 
from North-based traders also helped to push up prices. Weak arrival from 
producing region also boosted prices, sources said Saturday. 
              *              *              *              * 
    VIDARBHA MARKETS 
    OILS 
    * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, 
      Linseed, Rapeseed, Castor and Coconut KP oil prices reported 
      steady in thin trading activity. 
    * Traders further rise in soya oil in Vidarbha. 
    SOYMEAL 
    * Prices skyrocketed in Vidarbha on good demand from South-based traders. 
      About three dollar per tonne hike in international soymeal prices and 
      restricted supply from local crushing plants also pushed up prices. 
    SOYABEAN 
    * Soybean prices in the Nagpur Agriculture Produce and Marketing Committee 
      (APMC) zoomed up on good demand from local crushing plants. Sharp rise in 
      soymeal, upward trend in soya oil and weak arrival from producing region 
      also helped to push up prices. Fresh rise in Madhya Pradesh soya prices 
      and reported demand from Suth-based crushing plants also boosted prices. 
      High moisture content soya was available at Rs 16,000 per tonne. 
    * About 20,000 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    17,000-19,300      17,000-18,900         - 
    (Available price) 
    Market delivery    17,100-19,400      17,100-19,000         - 
    (Traders price) 
    Plant delivery     19,400-19,900      19,000-19,500         - 
    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                 5,000               17,000-19,300 
    Hinganghat             n.a.                    n.a. 
    Akola                  3,000               17,200-19,550 
    Amravati               2,000               16,900-19,300 
    Khamgaon               2,000               17,000-19,000 
    Wardha                 2,000               16,700-19,200 
    Arvi                   n.a.                    n.a. 
    Umred                  n.a.                    n.a. 
    Chandrapur             1,000               17,300-19,200 
    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.            2,500-2,700 
    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.            3,400-3,600 
Oil prices in rupees per 10 kilograms: 
    NAGPUR 
                                            Saturday's open   Previous close 
    Soyoil solvent crushing plant delivery         509            500 
    Soyoil solvent market delivery                 507            498 
    Soyoil refined crushing plant delivery         542            538 
    Soyoil refined market delivery                 540            536 
    Cottonseed refined                             535            530 
    Cottonseed solvent                             508            505 
    Groundnut oil (loose)                          650            650 
    Groundnut oil refined (15 Litre)             1,150          1,150 
    Sunflower oil refined                          650            650 
    Linseed oil                                    595            595 
    Rapeseed oil (for 15 kg)                       900            900 
    Castor oil (for 15 kg)                         760            760 
    Coconut KP oil                                 1,010          1,010 
    AMRAVATI 
    Soyoil refined                                 541            535 
    Soyoil Solvent                                 505            499 
    Cottonseed refined                             538            535 
    Cottonseed solvent                             509            506 
    AKOLA 
    Soyoil refined                                 543            539 
    Soyoil Solvent                                 506            499 
    Cottonseed refined oil                         540            538 
    Cottonseed solvent oil                         505            503 
    DHULIA 
    Soyoil refined                                 557            548 
    Soyoil Solvent                                 508            500 
    Cottonseed refined                             541            538 
    Cottonseed solvent                             510            407 
    AURANGABAD 
    Soyoil refined                                 552            547 
    JALNA 
    Soyoil refined                                 550            543 
    LATUR 
    Soyoil refined                                 550            545 
    NANDED 
    Soyoil refined                                 545            537 
Nagpur soymeal prices in rupees per tonne 
                                             Saturday's open  Previous close 
    Soymeal                                  14,200-14,500    13,800-14,200 
WEATHER (Nagpur): 
Maximum temp. 33.6 degree Celsius (92.5 degree Fahrenheit), minimum temp. 
14.4 degree Celsius (57.9 degree Fahrenheit) 
Humidity: Highest - 68 per cent, lowest - 33 per cent. 
FORECAST: Mainly clear sky. Minimum temperature likely to be around 11 degree 
Celsius. 
Minimum Temp (in Celsius) in other places: Akola - 16.7, Amravati - 15.8, 
Bramhapuri - 16.5, Gondia - 13.0, Washim 17.0, Yavatmal - 16.2. 
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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