Mustard Jun Futures Down More Than 3% Last Week

Mustard Jun futures down more than 3% last week and dipping to their two year low as market participants are expecting higher supplies of crop in the physical market amid bumper crop forecast this season. Stockiest and millers are buying in the market at lower price levels.

As per third advance estimates, the production of most important rabi oilseed, rapeseed & mustard, is expected to increased by 12 lt to 79.8 lt compared to last year. Due to lower prices in the current season, the arrivals of mustard in the physical has been lower during the second half of May compared to first half. During last 15 days, only 1 lt of mustard arrivals recorded compared to 1.51 lt, as per Agmarknet data.

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