Monday, 1 April 2019

EPIC RESEARCH NCDEX Rmseed UPDATE OF 1 April 2019



Rmseed trading range for the day is 3727-3769.

Mustard seed gained as weak carryover stocks aided prices but upside seen limited in the wake of bumper 2018-19 output.

According to data about 74 lakh tonnes (lt) of mustard seed were crushed during March-February, up 14.5 per cent year on year.

As a result of record crushing, the carryover stocks in the country are down to 2 lt this year compared to 4 lt carried forward last year.

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