Indian soyabean futures gained on Wednesday due to a rise in local demand and on firm international cues. Rapeseed futures were higher as unseasonal rains raised concerns about supply delay and output loss.
US soyabean futures rose for a third consecutive session to a one-week high after a US Department of Agriculture (USDA) forecast of smaller-than-expected plantings in the United States this year.
The April rapeseed contract rose 1.38 percent to 3,454 rupees per 100 kg. At 1227 GMT, the key April soyaoil contract was up 0.75 percent at 588 rupees per 10 kg. Commodity markets are closed on Thursday and Friday for Mahavir Jayanti and Good Friday, respectively.
GUAR SEED
Indian guar seed futures closed higher due to improved demand from millers amid slack local supplies.
The April contract closed 1.81 percent higher at 3,826 rupees per 100 kg.
CHANA
Indian chana, or chickpea, futures rose on likely lower production due to unfavourable weather.
The April contract edged higher 1.83 percent at 3,675 rupees per 100 kg.
SUGAR
Sugar futures rose on good demand from stockists, though large local supplies restricted the upside.
Key May contract was quoted 0.46 percent up at 2,412 rupees per 100 kg.
CUMIN SEED
Indian jeera, or cumin seed, futures ended higher on worries about lower output due to untimely rains, and on export demand.
Key April jeera contract closed at 14,705 rupees per 100 kg, up 0.96 percent.
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