Indian soyoil futures fall for second straight session

NEW DELHI: Indian soyoil futures were set to close lower for a second straight session on Wednesday, tracking rival Malaysian palm.

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed 0.5 percent lower.

Indian August soyoil futures were down 0.7 percent at 643.35 Indian rupees ($10.10) per 10 kg on the National Commodities and Derivatives Exchange as of 1154 GMT.

Rapeseed futures were largely flat at 3,695 rupees, while the August soybean futures was fell for the third straight session, closing 0.6 percent down at 2,996 rupees.