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India soybean futures end week higher on tight supply
April 13, 2017 / 1:27 PM / 7 months ago

India soybean futures end week higher on tight supply

NEW DELHI, April 13 (Reuters) - Indian soybean futures rose for a fourth straight session on Thursday and ended the week about 3.56 percent higher, helped by tighter supplies and higher demand.

The April soybean contract closed 1.4 percent higher at 2,940 Indian rupees ($45.61) per 100 kg on the National Commodity & Derivatives Exchange Ltd (NCDEX).

The April soyoil futures were down 0.4 percent at 634 rupees per 10 kg as of 1313 GMT, tracking weakness in palm oil on the Bursa Malaysia Derivatives Exchange.

The April rapeseed contract was largely flat at 3,840 rupees per 100 kg.

Indian commodities market will be shut on Friday on account of Ambedkar Jayanti, a day commemorating the birth anniversary of the country’s social reformer B.R Ambedkar. ($1 = 64.4600 Indian rupees) (Reporting by Sudarshan Varadhan; Editing by Vyas Mohan)

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