Indian soyabean futures fell for a fifth straight session on Thursday as poor demand due to fears of an imposition of higher cap on stocks maintained by dealers and millers continued to weigh on sentiment. The western state of Maharashtra, a leading producer of soyabeans, allows wholesalers to stock up to 2,000 tonnes. Weak export demand for soyameal also kept millers away from soyabeans.
The December soyabean contract on the National Commodity & Derivatives Exchange slumped 1.9 percent to 3,680 rupees per 100 kg. Rapeseed futures tracked soyabeans, falling for a second consecutive session with the December futures down 0.8 percent at 4,725 rupees per 100 kg. Soyaoil for December delivery was up 0.2 percent at 624.80 rupees per 10 kg at 1245 GMT.