Thursday, 5 January 2017

EPIC RESEARCH NCDEX MUSTARD SEED UPDATE OF 5 JANUARY 2017

Rmseed trading range for the day is 3857-3945. Mustard seed prices ended with losses tracking weakness in spot demand on oversupply woes. India's mustard crop sowing rose 13.62% to 6.82 million hectare until Dec 23 due to good moisture, showed agriculture ministry data. NCDEX accredited warehouses mustard seed stocks dropped by 271 tonnes to 4773 tonnes. In Alwar spot market in Rajasthan the prices dropped -77.25 rupees to end at 4398.4 rupees per 100 kg.

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