Mustard Seed Futures Closed Higher Yesterday

Mustard seed futures closed higher yesterday on bargain buying by the market participants at lower levels. However, widespread rains and absence of any major demand from industrial weigh on prices last week. The Sep’16 contract ended 1.19 % higher to settle at Rs. 4,862 per quintal. In the recent weeks, mustard prices are moving in lower on anticipation of good oilseed production in the kharif season. Pick up in demand for crushing from industrial buyers at lower levels may support prices.

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