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/