Indian rapeseed futures rose on Tuesday amid fresh buying support as the fate of the oilseed crop hinges on how winter rains shape up in the next couple of days. If the recent untimely rains continue longer, then it could hurt output and increase chance of record edible oil imports by the world's top buyer for the fourth straight year.
Soyabean closed almost flat on lack of export demand for soyameal, the derivative product that is used as animal feed, while soyaoil traded weak taking a cue from rival palm oil futures in Malaysia. The April rapeseed contract rose 0.4 percent to 3,378 Indian rupees ($54) per 100 kg on the National Commodity and Derivatives Exchange. The April soyabean contract closed 0.1 percent up at 3,347 rupees per 100 kg. At 0116 GMT, the key April soyaoil contract slipped 0.8 percent to 576 rupees per 10 kg.