EPIC RESEARCH NCDEX RM SEED UPDATE OF 09 MAY 2017

Rmseed trading range for the day is 3721-3805.Mustard seed prices ended with losses tracking weakness in spot demand on oversupply woes.Ministry of Agriculture also predicted rmseed output to increase by more than 16-18% to about 8 million tons in 2016-17.NCDEX accredited warehouses mustard seed stocks gained by 2113 tonnes to 35606 tonnes.In Alwar spot market in Rajasthan the prices gained 43.75 Rupees to end at 3767.5 Rupees per 100 kg.

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