Indian oilseeds and soyaoil futures dropped on Friday following weakness in overseas markets and on sluggish exports of soyameal. Chicago new-crop soyabeans edged lower, giving up some recent gains struck on concerns over dry US weather and strong end-user demand, but may find support from forecasts for less rain.
The key August soyaoil contract on the National Commodity & Derivatives Exchange (NCDEX) was down 0.15 percent at 682.40 rupees per 10 kg at 1218 GMT, while the October soyabean contract ended 0.18 percent lower at 3,725 rupees per 100 kg. The August rapeseed contract fell 0.33 percent to 3,611 rupees per 100 kg.