date:Jan 31, 2013
Oilseeds and soyoil futures rose on Wednesday on good demand in local spot markets and as dryness in Argentina, a key soybean exporter, boosted overseas oilseed futures.
The gains were capped by a strong rupee, which makes edible oil imports cheaper and at the same time trims returns of oilmeal exporters.
US soybeans rose for a fourth straight session with prices underpinned by dry weather hurting crops in top exporter Argentina.
As of 0805 GMT, Malaysian palm oil futures were up 1.25 per cen