Mustard Aug Futures Prices Have Recovered

Mustard Aug futures prices have recovered a little on Tuesday but prices have been trading in range on reports of steady demand and good stocks in the country. However, improvement in exports of meal during the first quarter of 2017/18 kept prices in little uptrend. Meal exports from the country during the first quarter increase to 1.36 lakh tonnes from 60,889 tonnes last year same period. Mustard meal exports in June this year is pegged at 44,074 tonnes, down 21.4% compared to previous month in May. Last year, India exports 43,636 tonnes of meals in June.

According to data compiled by Mustard Oil Producers Association of India, Oil mills in the country crushed 550,000 tn mustard seed in June, 23% lower from the previous month.

As per Agmarknet data, the mustard arrivals during current week (Mon-Thu) are 17,698 tonnes compared to last week’s arrivals of 12,552 Higher stocks level in country is still

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