Reuters logo
Indian soyoil futures fall despite buoyancy overseas
March 1, 2017 / 12:34 PM / 9 months ago

Indian soyoil futures fall despite buoyancy overseas

March 1 (Reuters) - Indian soyoil futures fell on Wednesday despite a rise in the prices of soyoil contract on the Chicago Board of Trade (CBOT) and Malaysian Palm.

Malaysian palm oil futures jumped to a one-week high on Wednesday, supported by strong gains in Chicago Board of Trade soyoil.

As of 1224 GMT, March soyoil futures were down 1 percent at 668.50 rupees ($10.00) per 10 kg on the National Commodity & Derivatives Exchange Ltd (NCDEX).

The most-actively traded Indian soybean futures fell 0.5 percent to 2,922 rupees per 100 kg.

“Soyoil and soybean contracts are down mainly due to profit-booking,” said Faiyaz Hudani, analyst, Kotak Commodities Services Ltd.

The April rapeseed contract rose 1 percent to 3,885 rupees per 100 kg, while the March corn futures were largely flat at 1,403 rupees per 100 kg.

$1 = 66.8300 Indian rupees Reporting by Sudarshan Varadhan; Editing by Sherry Jacob-Phillips

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below