Mustard Seed On NCDEX Settled Up By 2.13% At 4642

Mustard Seed on NCDEX settled up by 2.13% at 4642 due to anticipation of strong good demand. According to latest May’16 USDA report, global rapeseed production is forecast to decline in 2016/17 to 66.15 mt. Lower sown area is reported in Canada, Ukraine, the EU, and China. Crop reductions for major exporting countries may limit rapeseed imports, particularly for China and the EU. In Canada and EU the rapeseed production might fall due lower acreage and expectation of insect damage.

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