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Indian oilseeds fall on weak demand; sugar edges lower
December 17, 2015 / 12:35 PM / 2 years ago

Indian oilseeds fall on weak demand; sugar edges lower

NEW DELHI, Dec 17 (Reuters) - Indian soybean fell for the third straight session on Thursday on lean demand due to weak soymeal exports and as millers stayed away from buying at high prices.

* The January soybean contract on the National Commodity & Derivatives Exchange dropped 0.76 percent to 3,655 rupees ($55.06) per 100 kg.

* The January rapeseed futures ended 1.02 percent lower at 4,473 rupees per 100 kg as demand for the oilseed remained low due to a stock limit in key producing Rajasthan state.

* Soyoil for January delivery was down 0.93 percent to 614.75 rupees per 10 kg at 1219 GMT, tracking losses in global markets.

SUGAR

* The most active March sugar contract was 0.07 percent lower at 3,039 rupees per 100 kg on thin demand in the spot market.

CORN, WHEAT

* January corn futures gained 0.27 percent to close at 1,483 rupees per 100 kg, while the January wheat contract rose 0.18 percent to 1,705 rupees per 100 kg. ($1 = 66.3795 rupees) (Reporting by Sankalp Phartiyal; Editing by Biju Dwarakanath)

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