Mustard Aug Futures Closed Lower Last Week



Mustard Aug futures closed lower last week as market participants liquidate their long positions tracking weak physical demand. Moreover, higher availability of edible oil too pressurizes prices. There is steady physical demand and high stock levels are pressurizing prices.

Mustard prices have been under pressure this season due to record production in 2016/17 and higher imports of Mustard oil during the current oil year started Nov 2016. As per SEA recent data, mustard oil imports for period Nov-May increase 5% to 1.18 lt in 2016/17 from 1.72 lt in the previous year.


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