Mustard Seed Futures Closed Lower On Tuesday

Mustard seed futures closed lower on Tuesday, as demand is not picking up from stockists and oil mill. Moreover, there is expectation of higher production in the next season, which encourage the traders to sell their stored mustard in the physical market. The Nov’16 contract ended 0.49% down to settle at Rs. 4,511/quintal. The country's production of rapeseed is expected to increase by 12.5 % to 6.3 mt from a year earlier. The demand for mustard may pickup in physical market due to approaching winter.

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