Friday, March 13, 2009

India soybean seen higher on Malaysian palm

MUMBAI, March 13 (Reuters) - India soybean futures may open higher on Friday tracking firm Malaysian palm oil prices, analysts said.

At 9:27 a.m., benchmark May palm oil KPOc3 on the Bursa Malaysia Derivatives Exchange was at 1,952 ringgit a tonne, up 1.67 percent.

April soybean NSBJ9 on the National Commodity and Derivatives Exchange ended down 0.65 percent at 2,297.5 rupees per 100 kg on Thursday.

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