NEW DELHI, May 27 (Reuters): Indian soyoil and rapeseed futures rose on Tuesday, bucking weak trends in the overseas market where prices fell for a third straight session.
But soybean futures fell due to weak demand.
Malaysian palm oil futures stretched losses into a third straight session, tracking weak vegetable oil markets overseas, with prices further pressured by concerns that export demand will not be strong enough to check rising stockpiles.
At 1240 GMT, the June soyoil contract was 0.18 percent higher at 682.90 rupees per 10 kg on the National Commodity & Derivatives Exchange (NCDEX).
The key June rapeseed contract rose 0.35 percent to 3,438 rupees per 100 kg, while the soybean contract closed 0.78 percent down at 4,525 rupees per 100 kg.
Sugar futures ended lower due to higher supplies.
Sugar is expected to trade weak to range-bound on Wednesday, analysts said, citing increasing supplies. The key June contract was at 2,991 rupees per 100 kg, down 0.2 percent.
Turmeric futures fell as mounting stocks, and weak demand from local and overseas buyers weighed on sentiment.
Turmeric futures are seen trading weaker in the next session, analysts said.
The key June contract ended 2.35 percent down at 6,056 rupees per 100 kg.
Jeera, or cumin seed, futures rose on strong overseas enquiries and higher spot supplies.
At Unjha, a key market in Gujarat state, daily average arrivals have been 20,000-25,000 bags (60 kg each).
The key June contract closed higher 0.59 percent at 11,040 rupees per 100 kg.
Guar seed futures rose on forecast of less rains and concerns that farmers may reduce the acreage due to unattractive prices.
The June contract ended up 0.77 percent at 5,215 rupees per 100 kg.
Chana, or chickpea, futures ended weaker on large spot supplies and lower-than-expected demand.
The June chana contract fell 1.82 percent to 2,796 rupees per 100 kg.
The June corn contract remained unchanged at 1,116 rupees per 100 kg, while June wheat was down 0.77 percent at 1,539 rupees per 100 kg.
