Wednesday, May 16, 2012

India Mustard Seed edges higher on rising domestic demand

Last Updated : May 15, 2012 16:05

MUMBAI (Commodity Online): Mustard Seed futures rose in NCDEX on Tuesday as traders created fresh positions on the back of firm demand from the spot markets.

Mustard seed in NCDEX May contract traded at Rs.3798 per quintal, up by 2.43% against the previous close.Open interest of the contract stood at 19270 lots and volume traded is 5260 lots.

3rd Advance Estimates of Crop Production for 2011-12 released by Ministry of Agriculture which shows production estimates of rape/mustard seed of 6.96 million tonnes which is much higher as compared to COOIT?s figure of 6.03 million tonnes.

MCX Copper 29 June 2012 contract was trading at Rs 400.9 , up Rs. 3.15 . What's your view on it?

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