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Mustard Seed gains on firm demand from millers

Published on 2009-11-06 13:51:06
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Spot market prices witnessed slightly higher on account of firm demands from millers and higher prices of other oilseeds on Thursday.

Arrivals of mustard seed were steady 25,000 bags on Thursday as compared to previous day in major mandis of Rajasthan as compared to previous day (1 bag=85 kg).

The benchmark November contract on Hapur exchange, mustard seed ended lower at Rs 546.00/20 Kg on Thursday, down Rs 0.75 per 20 Kg as compared to previous day.

Statistics Canada released its latest canola production on Friday. It pegged that crop at 10.27 million tonnes, up from last month, but 18.8% below last year's total. The number was also below trade expectations.

Courtesy: Angel Commodities

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