Indian soyabean futures fall on profit-taking

23 Jan, 2016

Indian soyabean futures fell on Wednesday on profit-taking, snapping a two-day winning streak, while rapeseed eased on lack of demand and estimates of a rise in output in the country's top producing state. The February soyabean contract on the National Commodity & Derivatives Exchange fell 1.04 percent to 3,808 Indian rupees ($56.00) per 100 kg.
The key April rapeseed contract ended 0.15 percent lower at 4,053 rupees per 100 kg. The oilseed's output in Rajasthan state will rise more than a fifth this year, according to a government estimate. February soyaoil futures were down 0.39 percent to 605.95 rupees per 10 kg at 1251 GMT.

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