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India soybean futures seen lower on Malaysian palm.


Date: 20-01-2009
Subject: India soybean futures seen lower on Malaysian palm
 MUMBAI, Jan 20 (Reuters) - India soybean futures may trade lower on Tuesday tracking weakness in Malaysian palm oil futures, analysts said.

At 9.15 a.m. April futures KPOJ9 on the Bursa Malaysia Derivatives Exchange were down 1.34 percent at 1,834 ringgit a tonne.

Indian oilseed and edible oil markets track international prices as it imports a large part of its edible oil requirement.

The February soybean NSBG9 ended at 2,286.50 rupees per 100 kg, up 0.26 percent in the previous session on the National Commodity and Derivatives Exchange.


Source : REUTERS INDIA

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