EPIC RESEARCH NCDEX MUSTARD SEED UPDATE OF 05 MAY 2017

Rmseed trading range for the day is 3690-3794. Mustard seed prices gained on short covering after prices dropped on higher arrivals in local mandis. Ministry of Agriculture also predicted rm seed output to increase by more than 16-18% to about 8 million tons in 2016-17. NCDEX accredited warehouses mustard seed stocks gained by 1561 tonnes to 32789 tonnes. In Alwar spot market in Rajasthan the prices dropped -12.9 Rupees to end at 3716 Rupees per 100 kg.

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