Indian sugar futures closed up on Thursday as overseas sales from the world's second top producer improved, traders said. Indian mills are exporting more raw sugar to Iran and Asian markets, aided by a production incentives package and recovering world prices, seizing market share from top exporter Brazil. The key May contract on the National Commodity and Derivatives Exchange finished at 0.9 percent up at 3,128 rupees ($51.14) per 100 kg. Sugar futures are expected to open higher on Friday.
The April soyaoil contract ended up 0.2 percent at 727.1 rupees per 10 kg on the NCDEX. The April soyabean contract ended 0.9 percent up at 4,226 rupees per 100 kg. * The key April rapeseed contract closed 0.5 percent down at 3,487 rupees per 100 kg.