Indian oilseeds edge up in rangebound trade

Indian oilseeds edged up on Monday after trading rangebound for most part of the session, while sugar fell on profit-booking. The February soyabean contract on the National Commodity & Derivatives Exchange gained 0.77 percent to close at 3,793 rupees ($56.06) per 100 kg. Futures tracked spot prices, which rose on lower supplies. The key April rapeseed contract edged up 0.24 percent to 4,115 rupees per 100 kg. Traders expect prices to remain in a range until new crop arrives in March.
February soyaoil futures were 0.47 percent higher at 604.50 rupees per 10 kg at 1243 GMT. SUGAR The most active March sugar contract was 0.46 percent lower at 3,248 rupees per 100 kg.