Mustard Seed Futures Corrected A Little On Thursday

Mustard seed futures corrected a little on Thursday after surging for prior two sessions. The Nov’16 contract ended 0.04% lower to settle at Rs. 4,565/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. The prices were at lower levels as demand is not picking up from stockists and oil mill. There is expectation of higher production in the next season, which encourage traders to sell their stored mustard.

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