Indian soyaoil futures fell on Monday, following weak Malaysian cues and on subdued local demand, while sluggish oilmeal exports weighed on soyabean futures. Malaysian palm oil futures fell to their lowest in 2-1/2 weeks on Monday when the market reopened after the Lunar New Year holiday as losses in rival soyaoil markets plus sluggish export demand outweighed a drop in the ringgit.
At 1228 GMT, the key April soyaoil contract was 1.07 percent down at 592.15 rupees per 10 kg on the National Commodity and Derivatives Exchange (NCDEX). The April rapeseed contract fell 1.12 percent to 3,337 rupees per 100 kg, while the April soyabean contract closed 0.21 percent down at 3,383 rupees per 100 kg.