EPIC RESEARCH NCDEX RM SEED UPDATE OF 18 JULY 2017

Rmseed trading range for the day is 3641-3733. Mustard seed dropped due to weak demand from the oil mills on higher supplies and lower prices of mustard oil in domestic market. The agriculture department in Rajasthan has estimated mustard output in 2016-17 (Jul-Jun) to rise by 21% on year to 3.94 mln tn because of higher yields. NCDEX accredited warehouses mustard seed stocks dropped by 2287 tonnes to 36950 tonnes. In Alwar spot market in Rajasthan the prices gained 38.65 Rupees to end at 3831.9 Rupees per 100 kg.

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