Indian soyaoil futures rise

Indian soyaoil futures were set to close higher on Monday, tracking gains in rival Malaysian palm oil and related oils overseas. Indian February soyoil futures were up 0.7 percent at 752 Indian rupees ($11.83) per 10 kg on the National Commodity and Derivatives Exchange as of 1217 GMT.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 1.4 percent at 2,519 ringgit ($649.39) a tonne at the close of trade, its sharpest gain since January 3. The March soyabean oil contract on the Chicago Board of Trade rose 0.4 percent, while the May soyabean oil on the Dalian Commodity Exchange was up 0.4 percent.