Indian soyabean falls

12 Jan, 2016

Indian soyabean futures edged lower on Friday due to weak demand and profit-taking, while rapeseed rose on short covering. The January soyabean contract on the National Commodity & Derivatives Exchange ended down 0.27 percent at 3,630 rupees ($54.46) per 100 kg. January rapeseed futures rose for the second successive session, ending 1.86 percent higher at 4,321 rupees per 100 kg. January soyaoil futures were down 0.74 percent at 602.05 rupees per 10 kg at 1204 GMT, tracking losses in soyabean.
SUGAR The most active March sugar contract was 0.16 percent down at 3,211 rupees per 100 kg.
CORN, WHEAT January corn futures dropped 0.88 percent to 1,469 rupees per 100 kg after India decided to allow duty-free imports of half a million tonnes of corn. The January wheat contract slipped 0.06 percent to 1,671 rupees per 100 kg.

Read Comments