India soybean futures up on falling arrivals

MUMBAI, Nov 28 (Reuters) - India soybean futures rose on Friday on lower arrivals fell in Madhya Pradesh, the largest producer, as few farmers turned up with their produce, a day after the state elections, a broker in Indore and analysts said.

Prices were supported by expected Chinese demand, they added.

At 3:14 p.m. January futures NSBF9 on the National Commodity and Derivatives Exchange were up 2.28 percent at 1,725 rupees per 100 kg.

At 3:15 p.m., February palm oil KPOc3 on the Bursa Malaysia Derivatives Exchange were eased 0.48 percent to 1,652 ringgit a tonne.

Palm oil prices are watched by soy traders, as soybean is crushed to make soyoil, which competes with other edible oils. (Reporting by Abhishek Shanker; Editing by Ramya Venugopal)