Rmseed On NCDEX Settled Up 0.25% At 4860

Rmseed on NCDEX settled up 0.25% at 4860 ttracking firmness in spot demand on anticipation of continue demand from oil mills. Market participants are expecting good physical demand in coming weeks. 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. Canada's canola prices to hit four-year high on tight supplies and bad weather may cause concern over production in coming season.

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