Indian oilseeds and soyaoil futures rose on Monday on wedding season demand and tracking gains in Malaysian palm oil. Malaysian benchmark palm oil futures rose, supported by improved demand and forecasts that stockpiles would drop on falling production ahead of data release from the Malaysian Palm Oil Board. The June soyabean contract on the National Commodity & Derivatives Exchange closed 0.91 percent higher at 4,091 rupees ($61.45) per 100 kg.
The June rapeseed contract rose 1.10 percent to 4,513 rupees per 100 kg. June soyaoil futures surged 1.68 percent to 666.50 rupees per 10 kg at 1228 GMT.
SUGAR The most active July sugar contract was up 0.08 percent at 3,546 rupees per 100 kg. India has asked state governments to impose limits on the quantity of sugar that traders and big users such as soft drink and confectionery makers can keep. Sugar prices will take cues from the monsoon and the ceiling that states impose on the sweetener, traders said.
CORN, WHEAT June corn futures gained 1.40 percent to 1,306 rupees per 100 kg, while the May wheat contract edged up 0.06 percent to 1,623 rupees per 100 kg.