Indian soyaoil futures fall

Indian soyabean futures fell to a more than 2-year low on Friday on low demand and high domestic supply. The most-actively traded March soyabean futures fell 1.5 percent to 2956 rupees per 100 kg on the National Commodity & Derivatives Exchange Ltd (NCDEX). March soyaoil futures were down 0.9 percent at 664.70 rupees per 10 kg as of 1302 GMT due to weak overseas sentiment and low demand.
March soyabean oil contract on the Chicago Board of Trade fell 1.4 percent, while May soyabean oil contract on the Dalian Commodity Exchange was down 0.9 percent. Malaysian palm oil futures fell to their lowest in nearly three months on Thursday. The April rapeseed contract closed 0.1 percent lower at 3,788 rupees per 100 kg, while the March corn futures dropped 0.5 percent to 1,422 rupees per 100 kg.