MUMBAI, Dec 21 (Reuters) - India's soybean futures are seen lower on Monday tracking a weak Malaysian palm, rising arrivals and sluggish domestic demand on falling oilmeal exports, analysts said.
The benchmark January palm oil futures KPOc3 on Bursa Malaysia Derivatives Exchange was at 2,563 ringgit a tonne, down 2.18 percent at 9:27 a.m.
The January soybean contract NSBF0 on the National Commodity and Derivatives Exchange last ended 0.94 percent lower at 2,408.5 rupees per 100 kg.
India's oilmeal exports halved to 346,859 tonnes in November, its first monthly fall in three months, as soymeal prices rose following a poor oilseed crop and as shipments to Vietnam, Japan and China fell.
Soybean is crushed to produce soyoil and soymeal.
Source : REUTERS