Wednesday 24 August 2016

EPIC RESEARCH NCDEX RM SEED UPDATE OF 24 AUG 2016

Rmseed trading range for the day is 4630-4754. Mustard seed ended with losses tracking weakness in spot demand on hopes of higher supply. In India production of mustard seed is seen higher at 6.9 million ton compared to 6.3 million ton a year ago. NCDEX accredited warehouses mustard seed stocks dropped by 110 tonnes to 42089 tonnes. In Alwar spot market in Rajasthan the prices dropped -25.75 rupees to end at 4900.5 rupees per 100 kg.


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