Domestic oilseeds, edible oil settle higher

Domestic oilseeds and edible oil futures closed with modest gain Friday on account of firm international market. Mustard seed settled sharply higher followed by soy oil and soy bean. Technically inspired buying underpins prices to catapult higher.
Palm oil prices shrugged off early losses and closed higher, garnered support to the domestic oilseeds and edible oil prices. Most active January contract closed the session at MYR 2178.00 [+67.00] a tonne.
November soy oil at National Commodity Derivatives Exchange [NCDEX] closed higher at Rs 444.60 [+10.60] 10 kg with 107180 lots traded. The December contract settled up at Rs 447.95 [+11.30] per 10 kg. November contract at National Board of Trade [NBOT] closed higher at Rs 442.30 [+8.70] per 10 kg. The same contract at Multi Commodity Exchange of India [MCX] settled higher at Rs. 444.80 [+11.35] per 10 kg with 2297 lots traded.
The November soybean contract on NCDEX finished higher at Rs 2093.00 [+18.50] per 100 kg with 59920 lots traded. The market traded in a range of Rs 2076-2095 a quintal.
MUSTARD SEED
Mustard seed futures closed higher in unison with soy complex futures. Most active mustard seed November 2009 contract closed at Rs 562.90 [+15.25] per 20 kg with 66030 lots traded.
The Mustard seed futures on Hapur exchange closed higher at Rs 528.00 [+3.30] per 20 kg.
CASTOR SEED
Castors seed futures closed the session higher on buying support. Technically inspired buying supported the castor seed prices to catapult higher across the domestic counters.
The most active November contract finished at Rs 2727.00 [+42.50] per 100 kg. December contract at RBOT closed up at Rs 2730.00 [+37.00] per 100 kg.