date:Jan 31, 2013
t at 2,506 ringgit per tonne, while US soybeans rose 0.36 per cent to $14.57 per bushel.
The rally in overseas prices and strong demand in local spot markets are supporting oilseeds, said Chowda Reddy, a senior analyst with JRG Wealth Management.
In case of soybean, arrivals are coming down. Currently futures are trading in discount to spot. Futures are now chasing firmness in spot prices, said Reddy.
The actively traded soyoil contract for February delivery on the National Commodity and Der