Indian soft commodities fall in light trading

Source : REUTERS
Last Updated: Wed, Nov 23, 2016 18:00 hrs

Nov 23 (Reuters) - Indian soft commodities fell in another session of relatively low activity on Wednesday, as trading continued to be affected by the Indian government's announcement this month to withdraw larger-denomination banknotes.

* December soyoil futures fell marginally to 687.85 rupees ($10.02) per 10 kg at 1211 GMT, tracking soyoil contracts in overseas markets.

* The December soybean contract on the National Commodity & Derivatives Exchange (NCDEX) fell about 0.81 percent to 3,088 rupees per 100 kg.

* The December rapeseed contract fell 0.6 percent to 4,642 rupees per 100 kg.

SUGAR

* The December sugar contract was down 0.1 percent at 3,450 rupees per 100 kg, trading at a significant discount to the spot market price of 3,582.50 rupees at 1211 GMT. Sugar has closed lower over the last three days.

CORN, WHEAT

* December corn futures were largely flat at 1,401 rupees per 100 kg

* The December wheat contract fell 0.8 percent to 2,027 rupees per 100 kg, a day after hitting the lower circuit limit for trading. ($1 = 68.6615 Indian rupees) (Reporting by Sudarshan Varadhan in New Delhi; Editing by Sunil Nair)



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