Wednesday, 10 May 2017

EPIC RESEARCH NCDEX RM SEED UPDATE OF 10 MAY 2017

Rmseed trading range for the day is 3721-3795. Mustard seed ended with gains on late short covering after prices dropped tracking weakness in spot demand on higher arrivals . The production of rape-mustard seed (rmseed) in the country is expected to increase by more than 16-18% to about 800,000 tons in 2016-17. NCDEX accredited warehouses mustard seed stocks gained by 425 tonnes to 36031 tonnes. In Alwar spot market in Rajasthan the prices dropped -25.75 Rupees to end at 3741.75 Rupees per 100 kg.

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