EPIC RESEARCH NCDEX RM SEED UPDATE OF 09 FEBRUARY 2018

Rmseed trading range for the day is 4048-4164. Mustard seed ended with losses on profit booking after prices gained tracking improved physical demand by the oil mills. Production of mustard seed in the Rajasthan is seen falling 16% on year to 3.2 mln tn. Mustard production in the Madhya Pradesh, is seen at 976,000 tn compared with 920,000 tn the previous year. In Alwar spot market in Rajasthan the prices dropped -32.2 Rupees to end at 3967.05 Rupees per 100 kg.

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