Indian soyaoil futures edged higher on Friday on a weak rupee and a rise in overseas palm oil prices, while soyabean futures rose on thin supplies in local spot markets. Rapeseed futures eased as supplies from new season crop have started. Soyabean and soyaoil futures are likely to open higher on Monday on dwindling soyabean supplies in spot markets.
Malaysian palm oil futures hit two-month lows before turning positive late on Friday, as lower comparative oils and crude prices offset industry stocks data from the previous session. At 1242 GMT, the May soyaoil contract on the National Commodity and Derivatives Exchange was up 0.11 percent at 698.85 rupees ($11.61) per 10 kg. The May soyabean contract closed 0.4 percent higher at 4,393 rupees per 100 kg, while May rapeseed contract eased 0.43 percent to 3,440 rupees per 100 kg.