India oilseeds, soyoil may rise on global cues

MUMBAI, April 6 (Reuters) - India soybean, rapeseed and soyoil futures may rise on Monday morning tracking gains in rival Malaysian palm oil and U.S. soyoil and soybean markets, analysts said.

A firm crude oil is likely to support prices as it may push up the demand for soyoil and oilseeds from the bio fuel sector. Soybean and rapeseed are oilseeds, which is crushed to produce edible oils.

May soybean NSBK9 on the National Commodity and Derivatives Exchange ended at 2,488.5 rupees per 100 kg, up 1.8 percent on Saturday, while May soyoil NSOK9 ended at 465.75 rupees per 10 kg, up 1.06 percent.

At 09:23 a.m., the benchmark June palm oil contract KPOc3 on the Bursa Malaysia Derivatives Exchange was up 0.55 percent at 2,177 ringgit a tonne, after hitting a new high at 2,196 ringgit.

July soybean futures SN9 and July soyoil futures BON9 on Chicago Board of Trade were up during the electronic trade. (Reporting by Abhishek Shanker; Editing by Prem Udayabhanu)