India soybean eases; import duty talk lifts soyoil, CPO.

Futures contracts of the edible oil basket traded mixed, as soybean and mustard closed lower while soyoil and crude palm oil were up on domestic exchanges. Soybean futures on the National Commodity and Derivatives Exchange closed 1.3% lower due to fall in demand at higher price levels as the commodity rose to a three-month high late last week. The government is considering increasing import duty on soyoil and palm oils to restrict the fall in domestic prices. Gains on Bursa Malaysia Derivatives also propped up prices on the Indian bourses. The most-active October crude palm oil contract on the Malaysian bourse ended up 0.75% at 2,675 ringgits (40,088 rupees) per tonne.