Indian rapeseed futures jumped to their highest level in 26 months on Wednesday due to tight supplies in spot markets and concerns about production following dry weather in top producing Rajasthan state. Soyabeans rose on thin supply and an improvement in export demand for soyameal. Soyaoil eased on higher imports of edible oils, though an improvement in palm oil limited the downside.
The key January rapeseed contract on the National Commodity and Derivatives Exchange ended up 0.24 percent at 4,257 rupees per 100 kg, after rising to 4,315 rupees earlier in the day, the highest level since October 29, 2012.
The January soyabean contract rose 0.39 percent to 3,357 rupees per 100 kg.
At 1205 GMT, the key January soyaoil contract was down 0.03 percent at 611.60 rupees per 10 kg.
Oilseeds and soyaoil futures could ease on Friday on profit-taking.
SUGAR
Indian sugar futures edged up on expectation that the government will give incentives for export of raw sugar, though ample supply capped the upside.
The key March contract was quoted 0.19 percent higher at 2,688 rupees per 100 kg. Sugar futures could extend gains on Friday.
GUAR SEED
Indian guar seed futures extended gains on falling supplies in spot markets.
The January contract ended 1.2 percent higher at 4,613 rupees per 100 kg.
CHICKPEA
Indian chana, or chickpea, futures edged higher on thin supplies. The January contract edged up 1.2 percent at 3,371 rupees per 100 kg.
CUMIN SEED
Jeera, or cumin seed, futures jumped to their highest level in nearly two years on good demand and concerns about production.