Mustard Seed On NCDEX Settled Down By -1.15% At 3872

Mustard Seed on NCDEX settled down by -1.15% at 3872 on profit booking and on expectation of higher supply. Mustard sowing is completed on 6.953 million hectare as compared to 6.276 million hectare, higher by 10.8%. Congenial sowing conditions and higher prices forced farmers to take buoyant sowing of Mustard in Rajasthan, Madhya Pradesh and Uttar Pradesh. Mustard sowing in Uttar Pradesh has crossed normal acreage of the season. Favourable weather conditions (cool and dry) during last month has led Mustard crop to be good to excellent conditions.

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