Indian oilseeds and soyaoil futures fell following losses in Malaysian palm oil prices and on good rainfall in soyabean growing areas in the last few days. Malaysian palm oil futures fell on Monday as fears of rising output amid slackening overseas demand piled pressure on to the tropical oil, while weaker comparative soyaoil prices weighed.
Oilseeds and soyaoil futures are likely to open lower in the next session as demand is subdued in spot markets. At 12:01 GMT, the key September soyaoil contract on the National Commodity & Derivatives Exchange was down 0.36 percent at 667 rupees per 10 kg. The key October soyabean contract dropped 0.76 percent to 3,650 rupees per 100 kg, while the September rapeseed contract fell 0.52 percent to 3,620 rupees per 100 kg.