date:Oct 13, 2012
Oilseeds and soyoil futures fell more than 2 percent on Friday following a sharp fall in overseas markets and on rising soybean supplies from new-season crop in the local market.
Malaysian palm oil futures were down 3.88 percent at 2,425 ringgit per tonne at 0845 GMT, while U.S. soybeans fell 0.94 percent at $15.34 per bushel.
The fall in Malaysian palm oil is scaring Indian buyers. They thought prices have stabilized, but again the way prices are falling, edible oil buyers are deferring purch