EPIC RESEARCH NCDEX RM SEED UPDATE OF 06 JUNE 2017

Rmseed trading range for the day is 3488-3602.Mustard seed ended with gains on short covering after prices dropped on oversupply woes and sluggish demand in local mandi. Rape seed/mustard seed output in Rajasthan during 2016-17 is estimated at 3.73 million ton on the back of higher acreage. NCDEX accredited warehouses mustard seed stocks gained by 10 tonnes to 41036 tonnes. In Alwar spot market in Rajasthan the prices dropped -25.75 Rupees to end at 3638.75 Rupees per 100 kg.



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