Indian oilseeds fall on weak export demand

Indian oilseeds dropped on Thursday due to weak exports of oilmeal and lower demand as the country's vegetable oil imports continue to surge. India's oilmeal exports in April fell 70 percent from a year ago to 54,390 tonnes while it imported 1.24 million tonnes of vegetable oil last month, 12 percent higher compared with the previous year.
The June soyabean contract on the National Commodity & Derivatives Exchange edged 0.33 percent down to 3,926 Indian rupees ($58.13) per 100 kg. The June rapeseed contract dropped 0.63 percent to 4,394 rupees per 100 kg. June soyaoil futures slipped 0.91 percent at 637.95 rupees per 10 kg at 1315 GMT due to higher imports of palm oil from Malaysia and Indonesia.
SUGAR The most active July sugar contract fell 0.75 percent at 3,587 rupees per 100 kg on profit-taking.
CORN, WHEAT June corn futures fell 1.70 percent to 1,389 rupees per 100 kg, while the June wheat contract ended down 0.36 percent at 1,650 rupees per 100 kg.