Mustard Seed Futures Closed Higher

Mustard seed futures closed higher yesterday on chart based buying. However, anticipation of lower demand for crushing and good market arrivals capped further gains. The June delivery contract ended 0.85% higher at Rs. 4,399 per quintal. The prices are moving in a range on forecast of above normal monsoon and higher edible oil imports. Market participants’ are active at lower prices due to steady demand from stockists as arrivals may dwindle in coming weeks.

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