Mustard Seed On NCDEX Settled Up By 2.09% At 4977

Mustard Seed on NCDEX settled up by 2.09% at 4977 amid good demand from the stockiest and traders ahead of winter season. Latest USDA report said that global rapeseed production for 2016-17 is forecast at 66.5 million tons, higher by 389,000 tons this month. Canada production is forecast at 16.4 million tons, lower than 2015-16 at 17.2 million tons. For Canada, production is forecast 900,000 tons higher. The better 2016-17 crop outlook for Canada is partially offset this month by a reduction for the EU rapeseed crop, forecast down 600,000 tons to 21.2 million tons

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