Rmseed On NCDEX Settled Down -0.38% At 4664

Rmseed on NCDEX settled down -0.38% at 4664 on profit booking after gaining on anticipation of strong winter demand, as supplies are going to be depleted in the coming months. The total mustard seed crop for marketing year 2015-16 is estimated at 57.28 lakh tonnes against 50 lakh tonnes of the last year in the same period. During the current season, arrivals in March across all spot markets in the country increased by about 41 per cent to over 9 lakh tonnes (lt) compared to last year, according to data. However, arrivals slowed in the next two months due to unfavourable weather in April.

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