India oilseeds, soyoil rise on global cues

MUMBAI, March 23 (Reuters) - India soyoil, soybean, and rapeseed futures were up on Monday morning tracking firm crude oil prices and gains in Malaysian palm oil and U.S. soybean and soyoil futures, analysts said.

At 10:22 a.m., May soybean NSBK9 on the National Commodity and Derivatives Exchange rose 0.96 percent to 2,322.5 rupees per 100 kg, while May soyoil NSOK9 was up 0.67 percent at 444.15 rupees per 10 kg.

Rapeseed June futures NRSM9 rose 0.32 percent to 463.3 rupees per 20 kg.

At 10:00 a.m., benchmark June palm oil KPOc3 on the Bursa Malaysia Derivatives Exchange was up 2.12 percent at 2,027 ringgit a tonne. The contract had earlier touched a new high of 2,049 ringgit.

July soybean futures SN9 on the Chicago Board of Trade was up 1.82 percent at $9.66-¼ a bushel, while July soyoil BON9 was up 1.69 percent at 33.07 cents per pound during electronic trade.

Crude oil prices CLc1 rose to cross $52 per barrel mark raising expectations of demand for biofuels globally.

However, expectations of a surge in imports and sluggish local demand following the government's decision to cut duty on imports of crude soyoil, may limit gains, analysts said. (Reporting by Abhishek Shanker; editing by Rohini Ananthan)