EPIC RESEARCH NCDEX RM SEED UPDATE OF 12 MAY 2017

Rmseed trading range for the day is 3702-3776. Mustard seed prices ended with gains tracking firmness in spot demand on short covering and fall in arrivals. Mustard seed arrivals across India dropped by 20,000 bags (80 kilogram per bag) on hoarding by farmers. NCDEX accredited warehouses mustard seed stocks gained by 334 tonnes to 36868 tonnes. In Alwar spot market in Rajasthan the prices gained 6.4 Rupees to end at 3761.05 Rupees per 100 kg.

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