Mustard Seed On NCDEX Settled Down By -0.32% At 3779

Mustard Seed on NCDEX settled down by -0.32% at 3779 tracking weakness in spot demand on oversupply woes in local mandis. Prices of the mustard were down as demand is lower after the crushing disparity fell to Rs 700 per quintal. However, sharp fall in the prices was cushioned by lower arrivals in the local mandis. Mustard arrivals in the country totaled at 460,000 bags (85kg each) against 490,000 bags previous session. Farmers are reluctant to offload their produce at the lower level. Further they mostly prefer in marketing of rabi wheat crop, which is giving them good remunerations.

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