Indian soy futures ended up on higher global prices and poor soybean supplies in spots, while rapeseed reflected the sentiment of soy complex. The key March soybean contract ended up 0.5 percent at 3,976.5 rupees per 100 kg on the NCDEX. The March soyoil contract ended up 0.8 percent at 697.95 rupees per 10 kg, while the rapeseed contract for April closed 0.3 percent higher at 3,385 rupees per 100 kg.
SUGAR Indian sugar futures rose as a delay in cane-crushing hurt local production. Sugar output between October 1 and February 15 fell 13 percent to 14.37 million tonnes. Government subsidy on raw sugar production supported the higher trade as the recent move is expected to boost exports of raws from the world's second biggest producer after Brazil. Sugar futures could open up on hope of exports as mills have exported 850,000 tonnes of the sweetener by the end of January, including 450,000 tonnes of raws. The key April contract ended up 0.6 percent at 2,827 rupees per 100 kg on the NCDEX.
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