Indian soyabean futures edged higher on Friday on thin supplies in spot markets, while rapeseed rose on good exports demand for rapeseed meal. Soyaoil futures were treading water as tight supplies offset a drop in overseas palm oil prices. Oilseeds and soyaoil futures are likely to open higher in the next session due to limited supplies in spot markets.
The key June soyabean contract closed up 0.6 percent at 4,585 rupees per 100 kg on the National Commodity and Derivatives Exchange, while the June rapeseed contract edged up 0.28 percent to 3,552 rupees per 100 kg. At 1210 GMT, the June soyaoil contract was up 0.07 percent at 699.45 rupees per 10 kg.
GUAR SEED Guar seed futures rose on concerns that production in the next season may drop as lower rainfall has been forecast. The June contract ended up 2.32 percent at 5,290 rupees per 100 kg.
SUGAR Sugar futures eased on ample supplies and a strong rupee. The key June contract was down 0.13 percent at 3,035 rupees per 100 kg.
TURMERIC Turmeric futures extended gains on exports inquiries and concerns over the next year's output due to a forecast of lower rainfall. The key June contract finished up 0.83 percent at 6,842 rupees per 100 kg.
CUMIN SEED Jeera, or cumin seed, futures edged higher on exports inquiries. The key June contract closed up 0.63 percent at 11,180 rupees per 100 kg.
CHICKPEA Chana, or chickpea, futures rose on buying at lower levels, though forecast of bumper production capped the upside. Futures are likely to open lower in the next session. The June chana contract rose 1.19 percent to 3,070 rupees per 100 kg.
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