Mustard Seed Futures Recovered A Little

Mustard seed futures recovered a little from lower levels but widespread rains increases the chances of good oilseed crop capped further rise. There is absence of any major demand from industrial buyers at higher prices. The Sep’16 contract ended 0.57% lower to settle at Rs. 4,891 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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