Mustard Seed Futures

Mustard seed futures for the third session this week on Wednesday on good physical supplies and improved sowing progress. The Jan’17 contract ended about 0.03% down to settle at Rs. 4,370/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. Rajasthan, the top mustard producing state, planted 27.6 lakh ha, up 16% from a year ago similarly acreage under mustard increase in Uttar Pradesh at 11.75 lh Vs 11.9 lh last year. In MP, mustard is sown in 6.84 lh Vs 6.2 lh last year same time.

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