Mustard Seed On NCDEX Settled Up By 0.21% At 3891

Mustard Seed on NCDEX settled up by 0.21% at 3891 tracking firmness in spot demand and other oil seen counters. Demand from crushers is expected to rise on account of improving sales of mustard oil. Oil content in new mustard crop is good which is also attracting crushers to procure the commodity for their near term requirement. However, sharp rally in prices capped by oversupply woes as mustard seed harvest is expected to gather momentum from next few days. As per traders as of now around 35-40% of the mustard crop has been harvested.

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