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Indian soybean, jeera rise, chickpea falls on profit-taking

October 18, 2014 00:00:00


MUMBAI, Oct 17 (Reuters): Indian soybean futures rose on Friday as lower-than-expected supplies from the new season crop due to delayed sowing lifted prices.

Soyoil futures, however, fell on higher imports of edible oils.

The key November soybean contract closed 0.89 per cent higher at 3,069 rupees per 100 kg on the National Commodity & Derivatives Exchange.

The November rapeseed contract closed steady at 3,654 rupees per 100 kg.

At 1252 GMT, the key November soyoil contract was down 0.10 per cent at 580.25 rupees per 10 kg.

Sugar futures were weak due to limited demand in the local market amid ample supply.

Sugar futures are likely to trade weak in the near term.

The key December contract slipped 0.04 per cent to 2,784 rupees per 100 kg.

Chana, or chickpea, futures slipped on profit-taking though a rise in the local consumption of dal and chana flour in the festive season are expected to support prices on Monday.

The November contract fell 0.48 per cent to 2,886 rupees per 100 kg.

Indian guar seed futures dropped on higher output and arrivals from the new season crop.

The November contract ended 1.65 per cent lower at 5,493 rupees per 100 kg.

Turmeric futures ended lower on large stocks and subdued export demand but concerns about lower yield could support prices on Monday.

The key November contract closed 2.20 per cent lower at 6,040 rupees per 100 kg.


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