Mustard Aug Futures Fell More Than 1.4% On Thursday

Mustard Aug futures fell more than 1.4% on Thursday tracking weak edible oil prices and other oilseeds. Market participants are liquidating their positions in the front month contract as additional pre-expiry margins are applicable from yesterday.

There is steady physical demand and high stock levels are pressurizing prices. There is improvement in exports of meal during the first quarter of 2017/18. Meal exports from the country during the first quarter increase to 1.36 lakh tonnes from 60,889 tonnes last year same period.

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