EPIC RESEARCH NCDEX RM SEED UPDATE OF 11 JANUARY 2017

Rmseed trading range for the day is 3821-3951. Mustard seed dropped on profit booking and on expectation of higher supply. Mustard sowing is completed on 6.953 million hectare as compared to 6.276 million hectare, higher by 10.8%. NCDEX accredited warehouses mustard seed stocks dropped by 10 tonnes to 3374 tonnes. In Alwar spot market in Rajasthan the prices dropped -64.4 rupees to end at 4359.75 rupees per 100 kg.

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