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.