NEW DELHI, Jan 28 (Reuters): Indian soyoil and oilseeds futures rose on Tuesday because of buying at lower levels and also in line with the benchmark Malaysian palm oil contract.
Malaysian palm oil futures rebounded to snap four days of declines but remained not far off their lowest in almost six weeks as a big domestic crop, poor demand and weak competing oil prices put pressure on the edible oil.
At 0105 GMT, the key February soyoil contract on the National Commodity and Derivatives Exchange (NCDEX) was 0.72 per cent up at 621 rupees per 10 kg.
The February soybean contract closed 0.66 per cent higher at 3,356 rupees per 100 kg, while the April rapeseed contract rose 0.33 per cent to 3,388 rupees per 100 kg.
Oilseeds futures are likely to edge up in the next trading session.
Sugar futures rose on bargain-buying, though sluggish demand and rising supplies due to ongoing cane crushing capped the upside.
The key March contract was quoted 1.71 per cent higher at 2,737 rupees per 100 kg.
Indian soyoil, oilseeds futures jump
FE Team | Published: January 29, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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