Indian oilseed, soyoil seen up on supplies, palm oil

MUMBAI, April 20 (Reuters) - Indian soybean, rapeseed and soyoil futures may edge up on Monday on expectation of a supply squeeze and firm Malaysian palm oil but profit-taking after sharp gains in April may limit the gains, analysts said.

The May soybean contract NSBK9 on the National Commodity and Derivatives Exchange ended at 2,732.5 rupees per 100 kg, up 0.61 percent, in the previous session, while May soyoil NSOK9 closed up 1.11 percent at 508.75 rupees per 10 kg.

At 9:11 a.m., the benchmark July palm oil contract KPOc3 on the Bursa Malaysia Derivatives Exchange was up 1.77 percent at 2,478 ringgit a tonne.

However, profit-taking may weigh on the markets. The May soyoil contract has risen nearly 15 percent this month, while Mayu soybean contract has risen more than 17 percent in April. (Reporting by Abhishek Shanker; editing by Sunil Nair)