Indian soyabeans ended nearly flat and rapeseed edged lower in a volatile session on Tuesday amid expectations that Rajasthan state would raise the ceiling limit on oilseed and oil stocks that dealers and millers can hold.
The western state of Rajasthan, a key rapeseed producer, imposed a limit on stock holdings on Tuesday, and spot market traders are protesting the order with a two-day strike beginning from Tuesday, market participants said.
The December soyabean contract on the National Commodity & Derivatives Exchange Ltd ended up 0.05 percent at 3,829 rupees ($57.72) per 100 kg, while the key December rapeseed futures slipped 0.26 percent to 4,633 rupees per 100 kg.
Soyaoil for December delivery was 0.78 percent higher at 605.45 rupees per 10 kg at 1255 GMT.
SUGAR
The most active December sugar contract was up 0.11 percent at 2,703 rupees per 100 kg.
Analysts expect sugar prices to fall further.
CORN, WHEAT
The December corn futures dropped 0.31 percent to close at 1,590 rupees per 100 kg, while the December wheat contract ended down 0.06 percent at 1,650 rupees per 100 kg.