Indian oilseeds futures higher

12 Jun, 2016

Indian soyabean and rapeseed futures ended higher on Thursday, helped by domestic demand for meals or animal feed. The July soyabean contract on the National Commodity & Derivatives Exchange edged up 0.28 percent to 3,903 rupees ($58.49) per 100 kg. Lower arrivals of soyabean crop, harvested in October, also supported prices.
The July rapeseed contract rose 0.52 percent to 4,666 rupees per 100 kg due. Demand for edible oil from pickle makers helped. July soyaoil futures eased 0.51 percent to 658.90 rupees per 10 kg at 1314 GMT, tracking losses in Malaysian palm oil futures.

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