Thursday, 7 March 2019

EPIC RESEARCH NCDEX Rmseed UPDATE OF 7 March 2019



Rmseed trading range for the day is 3791-3841.

* Mustard seed gained on short covering after prices dropped on expectation of higher production prospects this year.

* Mustard production is forecast about 84 lakh tonnes, up 1% y/y, in second advance estimate for 2018-19 by Government.

* As per SEA, the production will be higher by about 19% this season to over 81 lakh tonnes due to better climate and higher area.

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