Tuesday 16 January 2018

EPIC RESEARCH NCDEX RM SEED UPDATE OF 16 JANUARY 2018

Rmseed trading range for the day is 4048-4160. Mustard seed gained due to an anticipation of good physical uptake by oil mills on expectation of good winter demand. Mustard seed acreage declined to 6.63 million hectare until now as warm weather hit sowing operations badly in Rajasthan, the largest producing state. NCDEX accredited warehouses mustard seed stocks dropped by 300 tonnes to 10580 tonnes. In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 3973.5 Rupees per 100 kg.

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