date:Jan 30, 2013
Oilseeds and soyoil futures were treading water on Tuesday as weak demand and a strong rupee outweighed gains in overseas prices.
A strong rupee makes edible oil imports cheaper and at the same time trims returns of oilmeal exporters. The rupee was trading at 53.64/65 to the dollar versus its previous close of 53.91/92.
As of 0817 GMT, Malaysian palm oil futures were up 1.43 per cent at 2,480 ringgit per tonne, while U.S. soybeans eased 0.16 per cent to $14.45-1/2 per bushel, after rising 0.