Mustard Jul Futures Closed Unchanged On Wednesday.



Mustard Jul futures closed unchanged on Wednesday. But the trends looks positive due to expectation of good meal and crushing demand after government increase import duty on soft edible oil by 10-15%. According to data compiled by the MOPA, mills across the country crushed 900,000 tn of the oilseed in May much higher crushing volume compared to last year.

According to SEA latest export report, mustard meal exports during first 5 months of 2018 is higher by 164% on year due to higher demand from South Korea. Exports are 209% higher at 6.64 lt for the FY 2017/18 compared to previous year’s export volume of 2.14 lt.

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