Mustard Seed Futures Recovered A Little On Tuesday

Mustard seed futures recovered a little on Tuesday after trading lower last week mainly due to technical buying by the market participants. The Jan’17 contract ended 0.13% higher to settle at Rs. 4,596/quintal. As per agriculture ministry data, Country’s mustard acreage in the ongoing rabi season touched 64.2 lakh hectares (lh) as on Dec 09 up 12.04% from a year ago. The sowing operations were not affected much, as farmers had already bought the seeds.

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