Mustard Seed Futures Closed Lower On Wednesday

Mustard seed futures closed lower on Wednesday due to unclear status of demand scenario from industrial buyers. Moreover, reports of timely rains relieve EU rapeseed crops after dry weather during sowing. The demand for mustard may pickup in physical market. The Oct’16 contract ended 1.09% down to settle at Rs. 4,722/quintal. Market is expecting increase in crushing demand from the oil mills prices in coming weeks.

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