Rmseed On NCDEX Settled Down -1.21% At 4822

Rmseed on NCDEX settled down -1.21% at 4822 due to weak demand despite of supply worries. According to balance sheet of mustard seed prepared by a trader the country has received 3.780 million ton of mustard seed against industry production estimate of 5.5 million ton of production, which means around 1.7 million ton of mustard seed left until new season, which begins from March. Seven months still left for new season and even the monthly crushing is expected around 3 million ton, the availability will get stiffer ahead.

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