Mustard Seed On NCDEX Settled Down By -0.16% At 3782

Mustard Seed on NCDEX settled down by -0.16% at 3782 tracking weakness in spot demand and on expectation of higher supply. India's agriculture department in second advance estimated pegged mustard seed crop at 7.912 million tons as compared to 6.797 million tons a year ago.Sources projected new mustard crop between 6.5-7 million tons. With the expectation of good crop in 2016/17, the new season supplies will be at higher size in the country. In addition to that the carryover stocks from last year might be higher as country imported record mustard oil and exported multiyear low mustard meal.

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