Mustard Seed Futures Ended Lower Yesterday

Mustard seed futures ended lower yesterday due to technical selling however; spot prices have improved due to pickup in physical demand from the industrial buyers. The Oct’16 contract ended 2.70% down last week to settle at Rs. 4,571/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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