Indian soyabean and soyaoil futures dropped on Thursday as traders booked profits, while higher planting of the summer-sown oilseed also weighed on sentiment. The October soyabean contract on the National Commodity & Derivatives Exchange fell 0.5 percent to 3,630 rupees per 100 kg. The September rapeseed contract edged up 0.2 percent to 4,931 rupees per 100 kg.
Gains remained capped on lower buying due to higher prices of the oilseed at a time of tight supplies. September soyaoil futures were trading 0.2 percent down at 641.60 rupees per 10 kg at 1151 GMT.
SUGAR The most-active October sugar contract was trading higher 0.2 percent at 3,730 rupees per 100 kg. Sugar prices are expected to fall to 3,400-3,200 rupees by early next year as cane production is likely to be higher due to good monsoon, said Chowda Reddy, assistant vice-president, Inditrade Derivatives and Commodities.
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