Rmseed On NCDEX Settled Down -0.43% At 4841

Rmseed on NCDEX settled down -0.43% at 4841 taking cues from other oilseed complex. Entire oilseeds market is under pressure because of expectation of bumper oilseeds harvest during upcoming season due to higher acreage and favourable weather condition. Moreover, USDA also hiked its forecast for global rapeseed output to 67.16 million tons compared to 66.54 in July with larger production estimates for Canada and Australia that more than offset reductions in the European.

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