Rmseed On NCDEX Settled Up 1.09% At 3883



Rmseed on NCDEX settled up 1.09% at 3883 on higher demand from crushers in local mandis. However, sharp rally in the prices was capped by oversupply woes as mustard seed harvest has once again started as farmers has stopped it for last few days due to Holi festival affected supply in the spot markets, but now it is expected to gather momentum from next few days. Demand from crushers has improved 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. Demand for mustard oil has improved as traders anticipate that mustard oil is trading at attractive level.

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