Mustard Seed Futures Continue

Mustard seed futures continue its downtrend due to widespread rains increase chances of good crop and absence of any major demand from industrial buyers at higher prices. The Sep’16 contract ended 0.92% lower to settle at Rs. 4,841 per quintal. In the recent weeks, mustard prices are moving in down trend on anticipation of good oilseed production in the kharif season. Pickup in demand for crushing from industrial buyers at lower levels may support prices.

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