Tuesday 14 July 2015

Agri Tips : Mustard seeds closed higher on inadequate supplies



Agri Tips

                                                          Agri Tips

Agri Tips - On Monday Prices of Mustard seed closed higher by 1.85 % at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decrement in the supply for the commodity in the major markets. At the NCDEX, July 2015 contract of mustard seed futures closed at Rs. 4,240 per quintal, up by 1.85 %, after opening at Rs. 4,167 against the last closing price of Rs. 4,163. It reached the intra-day high of Rs. 4,265.

India manufactures 5.5 million MT to7 million MT yearly & about 0.15 million MT is retained for sowing and direct consumption as seed which leaves around 4.8-5.1 million MT for crushing & extracting oil.Click Here For Agri Tips

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