Monday, April 13, 2009

Indian oilseed seen opening up on Malaysian palm

MUMBAI, April 13 (Reuters) - Indian soybean and soyoil futures may trade higher on Monday tracking a firm Malaysian palm oil, analysts said.

May soybean NSBK9 on the National Commodity and Derivatives Exchange last ended at 2,630.5 rupees per 100 kg, up 1.44 percent, while May soyoil NSOK9 closed up 1.7 percent at 484.7 rupees per 10 kg.

At 9:24 a.m., the benchmark June palm oil contract KPOc3 on the Bursa Malaysia Derivatives Exchange was up 3.04 percent at 2,369 ringgit a tonne. The contract had earlier hit a new high at 2,371 ringgit a tonne. (Reporting by Sourav Mishra; Editing by Harish Nambiar)

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