Mustard Seed Futures Traded Down

Mustard seed futures traded down on Wednesday as the sowing progress is weighing on the prices. However the prices may get support due to winter demand. The Jan’17 contract ended 0.52% down to settle at Rs. 4,572/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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