Indian soyoil futures ended down on Thursday tracking weak Malaysian palm and after news of a jump in edible oil imports, but firm local demand capped losses. "It looks like a temporary fall and buying interest in soyoil should return on the back of good domestic demand and lack of supplies," Raj Kishore Baruah, an analyst at Sushil Global Commodities Pvt Ltd, said. Soybean supplies remained below expectations in early January as farmers continued to hold back stocks expecting higher prices, traders said. "If January prices persist above 480 rupees, then 540 is a possibility," Baruah said. March palm oil futures KPOH9 on the Bursa Malaysia Derivatives Exchange ended down 4.14 percent to 1,806 ringgit a tonne. Soyoil and palm oil are related commodities and their prices often move in tandem. Imports of edible oils in the first two months of the oil year ending October 2009 jumped 98 percent to 1.24 million tonnes against 620,000 tonnes in the same period last year as international prices tumbled to new lows tracking crude. See [ID:nBOM391641] SOYBEAN India soybean futures ended down on Thursday on profit-taking after a 4 percent rise in the previous session, triggered by a weak Malaysian palm and a fall in crude oil prices, analysts said.

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