Mustard Seed Futures Closed Lower


Mustard seed futures closed lower on Thursday on profit taking by market participants. However, good demand at lower levels keeping prices higher in spot market. NCDEX May’16 futures closed 0.30% lower at Rs. 4,369 per quintal. Forecast of good monsoon may pressurize oilseeds on expectations that there will be bumper crop in coming season. However, there is steady demand from oil mills as there is higher imports of edible oils.

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