Indian soyabean fell on weak export demand for meals on Monday, while rapeseed dropped due to thin domestic demand. The March soyabean contract on the National Commodity & Derivatives Exchange declined 1.4 percent to 3,664 rupees ($53.56) per 100 kg.
The key April rapeseed contract dropped 1.62 percent to 3,877 rupees per 100 kg.
Top rapeseed producing Rajasthan state on Friday scrapped a ceiling on the stocks of the oilseed that millers and stockists can hold but the measure failed to cheer markets.
March soyaoil futures were 0.99 percent lower at 616 rupees per 10 kg at 1245 GMT after India in its federal budget did not raise the import duty on vegetable oil imports.
SUGAR
The most active March sugar contract was trading up 0.31 percent at 3,191 rupees per 100 kg due to better demand. "We may see one more rally in a month," said Chowda Reddy, assistant vice-president at Inditrade Derivatives and Commodities.
"Sugar prices will remain above 3,000 rupees."
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