December 14, 2016 / 12:06 PM / 7 months ago

Indian soybean futures rise on prospect of higher exports

2 Min Read

Dec 14 (Reuters) - Indian soybean futures rose on Wednesday after industry officials said soymeal exports were likely to jump to three-year highs in 2016/17.

The most-actively January soybean contract on the National Commodity & Derivatives Exchange Ltd (NCDEX) rose 0.7 percent in heavy trading to 3,090 rupees ($45.80) per 100 kg.

Higher exports from India could trim shipments of South American soymeal into Asia, and also shore up local soybean prices, which fell below a government-fixed support level in physical markets recently.

Soyoil

* January soyoil futures were up 0.5 percent at 723.25 rupees per 10 kg at 1204 GMT, tracking Malaysian palm.

Sugar

* The December sugar contract was up 0.8 percent at 3,450 rupees per 100 kg.

Rapeseed

* The January rapeseed contract fell 0.5 percent in light trading to 4,572 rupees per 100 kg.

Corn, Wheat

* December corn futures fell 0.6 percent to 1,426 rupees per 100 kg.

* India's most-actively traded January wheat contract settled 0.3 percent lower at 2,009 rupees per 100 kg.

$1 = 67.4629 Indian rupees Reporting by Sudarshan Varadhan in New Delhi; Editing by Subhranshu Sahu

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below