Mustard Seed Futures Closed Higher

Mustard seed futures closed higher on technical recovery from the key support levels of 4500. There is expectation of pickup in physical demand from the industrial buyers. The Oct’16 contract ended 0.76% up to settle at Rs. 4,530/quintal. The country's production of rapeseed, is expected to rise 6.3 mt, up 12.5 % from a year earlier. The demand for mustard may pickup in physical market due to approaching winter.

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