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Indian soyabean and soyaoil futures fell on Wednesday, following a drop in edible oil prices overseas and on a stronger rupee. Malaysian palm oil futures eased 1.2 percent on Wednesday as weak crude and competitive vegetable oils weighed on prices of the tropical oil.
A strong rupee makes edible oil imports cheaper and trim returns of oilmeal exporters. The rupee rose on Wednesday.
The key October soyabean futures contract on the National Commodity and Derivatives Exchange ended 0.66 percent lower at 3,140 rupees per 100 kg, while the September rapeseed contract ended unchanged at 4,200 rupees per 100 kg.
At 1157 GMT, the key October soyaoil contract was down 0.27 percent at 570.10 rupees per 10 kg.
SUGAR
Indian sugar futures edged higher on concerns over production in top producing Maharashtra state and an improvement in exports.
The key October contract was quoted 0.56 percent higher at 2,345 rupees per 100 kg.
India, the world's second biggest sugar producer after Brazil, is likely to churn out a surplus for the sixth straight year despite erratic rainfall in key growing areas.

Copyright Reuters, 2015

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