Mustard Seed On NCDEX Settled Up By 0.96% At 4755

Mustard Seed on NCDEX settled up by 0.96% at 4755 on supply worries in global market. Mustard seed prices were supported by supply worries after USDA in its monthly report trimmed rape seed output of Canada, the world's biggest seed producer, by 9.9% to 15.5 million tons on year. Mustard seed arrivals have entered a lean period, with daily arrivals of nearly 180,000 bags. Seasonal demand for mustard oil, however, is expected to gather pace when demand from pickle manufacturers gains momentum. Mustard seed crush margins have also turned positive, supporting demand from processors.

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