New Delhi (PTI) Oilseeds prices in the futures market began to fall sharply on reports that states such as Delhi, Uttar Pradesh and Maharashtra would enforce storage limit on edible oils and oilseeds.

Mustard seed and soybean prices at NCDEX counter opened on a negative note following the news of stock limit on edible oils and food grains. Besides the domestic development, sluggish global market also affected Indian futures prices, an analyst at Hyderabad-based Karvy Comtrade told PTI.

Rajesh Aggarwal of Soybean Processors Association of India (SOPA) expressed similar sentiments and said, "Prices in the futures market have come down slightly due to stock limit announced by some states".

Also, the onset of monsoon in Kerala brought cooling effect on prices that are ruling at high level, he added.