EPIC RESEARCH NCDEX RM SEED UPDATE OF 23 MAY 2017

Rmseed trading range for the day is 3611-3705. Mustard seed prices dropped on oversupply woes and sluggish demand in local mandis.Prices have already slipped below its MSP level due to bumper production this season. NCDEX accredited warehouses mustard seed stocks gained by 363 tonnes to 40699 tonnes. In Alwar spot market in Rajasthan the prices dropped -38.6 Rupees to end at 3728.9 Rupees per 100 kg.



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