Indian oilseeds prices fell on Wednesday as traders stayed away from aggressive buying on fears states may impose a higher cap on stocks that dealers and millers can hold. The western state of Maharashtra, a leading producer of soyabeans, allows wholesalers to stock up to 2,000 tonnes. The desert state of Rajasthan, a key rapeseed producer, in November imposed a ceiling on stocks that dealers and millers can hold. The December soyabean contract on the National Commodity & Derivatives Exchange fell for the fourth straight session to close 1.5 percent lower at 3,750 rupees ($56.34) per 100 kg.
Comments
Comments are closed.