Indian soyabean futures ended lower for a second straight session on Thursday as the steady sowing process of the oilseed continued due to a good monsoon season. The October soyabean contract on the National Commodity & Derivatives Exchange slipped 0.3 percent to 3,729 Indian rupees ($55.51) per 100 kg. The August rapeseed contract fell 0.98 percent to 4,953 rupees per 100 kg due to profit-taking.
"We witnessed profit-booking as people felt prices were not likely to surge further," said a trader from Kota in Rajasthan. "Prices will drop another 100 rupees soon." August soyaoil futures edged down 0.04 percent to 644.60 rupees per 10 kg as of 1247 GMT, due to profit-taking.
SUGAR The most-active October sugar contract was trading up 0.3 percent at 3,835 rupees per 100 kg. "Prices will remain in the range of 3,800-3,900 till the new crushing season begins in October," said Ritesh Kumar Sahu, analyst, Angel Commodity Broking.
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