Indian soyoil futures eased on Thursday, following losses in overseas edible oil prices and on
gains in the local currency, while soybeans fell on profit-taking due to a decline in demand from
millers in spot markets. Malaysian palm oil futures ended lower as investors turned cautious
about risky bets, but uncertainty about supplies of competing edible oil from the Philippines
propped up prices. A gain in the rupee makes edible oil imports cheaper, and promises lower
returns from oilmeal exports. The rupee gained on Thursday. Rapeseed futures reflected the
sentiment in the soy complex.