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Indian soyoil edges up, tracking overseas markets
December 21, 2016 / 1:25 PM / a year ago

Indian soyoil edges up, tracking overseas markets

Dec 21 (Reuters) - Indian soyoil futures rose marginally on Wednesday, tracking gains in Malaysian palm oil and soyoil on the Chicago Board of Trade (CBOT).

Malaysian palm oil futures edged up, breaking a three-session losing streak, while the January soybean oil contract on the CBOT gained.

The January soyoil contract on the National Commodity & Derivatives Exchange Ltd (NCDEX) was marginally up at 720 rupees ($10.61) per 10 kg as of 1310 GMT.

Rapeseed futures closed lower on expectations of higher supply due to better output.

The most-actively traded January rapeseed contract closed 0.25 percent lower at 4,363 rupees per 100 kg, marking its sixth straight session of falls.


* January soybean futures fell 0.4 percent to 3,013 rupees per 100 kg.


* January corn futures rose 0.2 percent to 1,419 rupees per 100 kg, while the January wheat contract settled 0.5 percent lower at 1,986 rupees per 100 kg.

$1 = 67.8780 Indian rupees Reporting by Sudarshan Varadhan in New Delhi; Editing by Subhranshu Sahu

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