India edible oil futures eased in early trade on weakness in overseas market, but thin arrivals in the physical market and hopes of a re-imposition of import duty on crude palm oil restricted the losses, analysts said.
At 10:29 a.m., the February palm oil futures contract KPOc3 on the Bursa Malaysia Derivatives Exchange was down 2.43 percent at 1,604 ringgit per tonne.
Soybean January futures contract SF9 on the Chicago Board of Trade (CBOT) was down 1.08 percent at $8.46 a bushel in electronic trade.
Arrivals in the physical market were about 600-700 tonnes, compared with 1,500 tonnes a day during the peak season. In India, peak arrivals for soybean start in October and continue till December.
At 10:33 a.m., January soyoil NSOF9 was trading at 467 rupees per 10 kg, down 0.57 percent.
Rapeseed January contract NRSF9 fell 0.22 percent to 589.50 rupees per 20 kg. However, January soybean NSBF9 edged up 0.03 percent at 1,732 rupees per 100 kg.
Source : Reuters India