EPIC RESEARCH NCDEX RM SEED UPDATE OF 01 AUGUST 2017

Rmseed trading range for the day is 3714-3772.Mustard prices gained amid supply worries and tracking sharp rally in other edible oil complexes and hope of higher import duty on edible oil. Prices also seen supported on reports of heavy rains in Gujarat and Rajasthan damaging stored rm seed in warehouses and with farmers.NCDEX accredited warehouses mustard seed stocks dropped by 708 tonnes to 33090 tonnes. In Alwar spot market in Rajasthan the prices dropped -4 Rupees to end at 3815 Rupees per 100 kg.

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