Mustard Seed On NCDEX Settled Up By 0.37% At 3841



Mustard Seed on NCDEX settled up by 0.37% at 3841 tracking firmness in spot demand after prices dropped due to oversupply woes. Meanwhile, new mustard seed arrivals across the country totaled at 225,000 bags against 485,000 on previous session and crop quality is better than last year.

India is expected to produce around 6.5-7 million tonnes (mt) of rape mustard seeds in 2016-17 as compared to 5.8 mt produced in 2015-16 due to higher acreage and improving productivity. The carry-forward stock from the previous season was around 0.15 mt. The Ministry of Agriculture expects 8.5 mt of mustard seeds to be produced in the current rabi season against 6.8 mt a year ago, as per its 4th advanced estimates.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
NewerStories OlderStories Home

0 comments: