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Mustard Seed prices high on miller demand

2009-11-03 12:45:42
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Spot market prices witnessed slightly higher on account of firm demands from millers on Saturday.

Arrivals of mustard seed were increased to 25,000 bags on Saturday from 22,000 bags 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 higher at Rs 542.50/20 Kg on Friday, up Rs 4.50 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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