Indian oilseeds fall as traders stay away on ceiling fears

05 Dec, 2015

Indian oilseeds prices fell on Wednesday as traders stayed away from aggressive buying on fears states may impose a higher cap on stocks that dealers and millers can hold. The western state of Maharashtra, a leading producer of soyabeans, allows wholesalers to stock up to 2,000 tonnes. The desert state of Rajasthan, a key rapeseed producer, in November imposed a ceiling on stocks that dealers and millers can hold. The December soyabean contract on the National Commodity & Derivatives Exchange fell for the fourth straight session to close 1.5 percent lower at 3,750 rupees ($56.34) per 100 kg.

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