Mustard Seed On NCDEX Settled Up By 0.52% At 4666

Mustard Seed on NCDEX settled up by 0.52% at 4666 on supply worries in global market. According to USDA's May report, global rapeseed production is forecast to decline in 2016/17 to 66.15 million tons as lower sown area is reported in Canada, Ukraine, the Europe, and China. Moreover, in Canada and EU the rapeseed production might fall due lower acreage and expectation of insect damage. New arrivals were reported in the range of 2-2.50 lakh bags.

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