23/09/2009 (Reuters) - Indian soyoil futures ended down on Wednesday tracking weakness in Malaysian palm market and on expectations supplies may pick up after the early sown crop is harvested, analysts said.

Expectation of a record edible oil imports of over 8 million tonnes in the year ending Oct. 2009 also weighed on the markets.

Soybean futures also eased on expectations of higher supplies but firm spot demand limited the losses.

Soybean spot prices in Indore, a hub, rose 1.71 percent to 17,800 rupees per tonne on bargain buying after prices fell over 5 percent in the previous session.

Harvesting of early sown oilseed crops, including soybean, is likely to pick up in the coming days, which may push up supplies.

However, the peak arrival this year may be delayed by over two weeks following delayed rains in many parts of the growing states, traders said.

Weakness in Malaysian palm oil market also weighed on the markets.

The benchmark December palm oil futures KPOc3 on Bursa Malaysia Derivatives Exchange ended at 2,146 ringgit a tonne, down 2.01 percent.

Palm oil and soybean are related commodities and their prices often move in tandem.

Following are the closing prices of soybean futures <0#NSB:> in rupees per 100 kg and soyoil futures <0#NSO:> in rupees per 10 kg, on the NCDEX:

Contract Reuters Code Closing Price Change in %