Indian soyabean futures rose on Monday, following bullish cues from international markets. US soyabeans rose for a fifth consecutive session as an economic stimulus move by top importer China reinforced expectations of brisk demand for the oilseed.
The June soyabean futures contract on the National Commodity and Derivatives Exchange ended higher 0.79 percent at 3,710 rupees per 100 kg. The May rapeseed contract fell 1 percent to 3,671 rupees per 100 kg. At 12:41 GMT, the key June soyaoil contract was up 0.18 percent at 583.65 rupees per 10 kg, tracking Malaysian palm oil futures.
Key May contract was quoted 1.45 percent higher at 2,444 rupees per 100 kg. India might consider giving cash-strapped sugar companies an incentive to export white, or refined, sugar as long as mills agree to pay the dues they owe to millions of cane growers, Food Minister Ram Vilas Paswan said on Wednesday.
India, the world's biggest sugar consumer, is likely to produce 27 million tonnes of the sweetener in 2014/15, up nearly 2 percent from the previous estimate, a leading industry body said on Thursday.
The May contract ended down 0.68 percent at 3,932 rupees per 100 kg.
Untimely rains over the last few weeks in the central state of Madhya Pradesh and in the western state of Maharashtra damaged the mature chana crop in some districts.