Markets

Indian soyoil futures rise tracking Malaysian palm

Published January 29, 2018 Updated January 29, 2018 12:56pm

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 Jan. 3.

The March soybean oil contract on the Chicago Board of Trade rose 0.4 percent, while the May soybean oil on the Dalian Commodity Exchange was up 0.4 percent.

Indian April rapeseed futures were up 2 percent at 4,205 rupees, while the February soybean futures closed 4 percent higher at 3,811 rupees.

 

 

Copyright Reuters, 2018