MUMBAI, Aug 3 (Reuters) - Indian soybean and soyoil futures may rise on Monday tracking firm Malaysian palm oil and expectations government may re-impose duty on crude edible oil imports, analysts said.
The August soybean contract NSBQ9 on the National Commodity and Derivatives Exchange ended at 2,271 rupees per 100 kg in the previous session.
The federal government may re-impose duty on crude edible oil imports before the new crushing season in October, a senior official in a leading trade body said on Thursday.
The benchmark October palm oil futures KPOc3 on Bursa Malaysia Derivatives Exchange was at 2,277 ringgit a tonne, up 4.02 percent at 9:37 a.m.
Palm oil and soybean are related commodities and their prices often move in tandem.
Source : REUTERS