EPIC RESEARCH NCDEX RM SEED UPDATE OF 01 DECEMBER 2017

Rmseed trading range for the day is 4068-4190. Mustard seed prices gained on expectation of good winter demand after increase in import duty for the edible oils. As per rabi sowing report from the government, the area under mustard was at 51.4 lakh ha, down from 57.9 lakh ha a year ago. NCDEX accredited warehouses mustard seed stocks gained by 484 tonnes to 8823 tonnes. In Alwar spot market in Rajasthan the prices gained 19.3 Rupees to end at 4128 Rupees per 100 kg.

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