EPIC RESEARCH NCDEX RM SEED UPDATE OF 20 FEBRUARY 2018

Rmseed trading range for the day is 4096-4192. Mustard seed gains tracking firmness in spot demand and unseasonal rains in the north and central India may keep prices supported above MSP.There estimation of lower production in coming rabi season as Mustard acreage is down 5% on year at 66.7 lakh ha.Crushing of mustard by oil mills across the country fell 23.5% on month to 325,000 tn in January, data showed. In Alwar spot market in Rajasthan the prices gained 25.75 Rupees to end at 4025 Rupees per 100 kg.

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