Indian oilseeds fell on Thursday as traders shed their long positions on expectations of lower buying. There is a ceiling on the stock dealers and traders can hold. The January soyabean contract on the National Commodity & Derivatives Exchange (NCDEX) closed 1.43 percent down at 3,721 rupees ($55.77) per 100 kg. Rapeseed fell for a seventh straight session, with January rapeseed futures dropping 2.07 percent to 4,684 rupees per 100 kg. Soyaoil for January delivery was 0.61 percent lower at 630.30 rupees per 10 kg at 1233 GMT.
The March sugar contract may find support due to a possible drop in cane production in Maharashtra state, good export demand and expectations of lower output in Brazil, the world's biggest sugar producer, he added.