Mustard Seed On NCDEX Settled Down By -0.45% At 3793

Mustard Seed on NCDEX settled down by -0.45% at 3793 on higher arrivals in local mandis due to robust production. New mustard seed arrivals in India totalled at 100,000 bags against 40,000 bags on previous session and crop quality are better than last year. The shipment of rapeseed-mustard oil also increased to 17,878 tonnes from 7,461 tonnes, but the import of soyabean oil fell to 166,573 tonnes from 441,200 tonnes in the period under review. “Importers continue to make larger import purchases of sunflower oil, taking advantage of the still large price discount versus soyabean oil,” SEA said.

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