Thursday, 15 February 2018

EPIC RESEARCH NCDEX RM SEED UPDATE OF 15 FEBRUARY 2018

Rmseed trading range for the day is 4008-4168. Mustard seed prices dropped on profit booking by market participants tracking steady demand by the oil mills. There estimation of lower production in coming rabi season as Mustard acreage is down 5% on year at 66.7 lakh ha due to poor returns in the last one year. Arrivals were in full swing until May, but began shrinking June onwards, heralding the lean period. In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 4025 Rupees per 100 kg.

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