Mustard Seed Futures Fell

Mustard seed futures fell for the 4th consecutive session on Tuesday as the sowing progress is weighing on the prices. Moreover, the supplies seem to be higher compared to demand as stockists are not keen to hold on to the old stocks. The Jan’17 contract ended about 1.66% down to settle at Rs. 4,381/quintal. As per agriculture ministry data, Country’s mustard acreage in the ongoing rabi season touched 65.5 lakh hectares (lh) as on Dec 16 up 9.7% from a year ago.

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