Mustard Seed Futures Corrected On Tuesday

Mustard seed futures corrected on Tuesday at higher levels and reports of good sowing progress. However, boost in winter demand and increase in MSP limit the price drop. The Dec’16 contract ended 0.35% down to settle at Rs. 4,785/quintal. As per agriculture ministry data, all-India acreage of mustard in the ongoing rabi season was nearly 58.1 lh as on Nov 24 up 17.8% from a year ago. The sowing operations were not affected much, as sowing is nearing an end, and farmers had already bought the seeds.

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