DJ MARKET TALK: India Soyoil Futures End Up 0.5% On Firm Palm

1139 GMT [Dow Jones] India April NCDEX soyoil futures provisionally settle up 0.5% at INR454.30/10 kg, tracking 1% rise in BMD palm oil; soybean ends up 0.4% at INR2,061.50/100 kg. "But, high rapeseed arrivals will weigh on prices in near term," says Indore-based trader; India's rapeseed output for crop year through September likely at 6.32 million metric tons versus 6.20 million tons year earlier. Trader tips soybean in INR2,040-INR2,080 range, soyoil in INR451-INR458 band tomorrow.
 

(ravi.bhushan@dowjones.com)  
 
Contact us in Singapore. 65 64154 140; 
MarketTalk@dowjones.com