EPIC RESEARCH NCDEX RM SEED UPDATE OF 10 AUGUST 2017

Rmseed trading range for the day is 3663-3743. Mustard seed dropped on profit booking after prices gained due to reports of crop damage in warehouses in Gujarat and Rajasthan.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 gained by 151 tonnes to 30061 tonnes. In Alwar spot market in Rajasthan the prices gained 25.75 Rupees to end at 3819 Rupees per 100 kg.

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