Mustard Seed On NCDEX Settled Up By 0.05% At 3871

Mustard Seed on NCDEX settled up by 0.05% at 3871 tracking firmness in spot demand on buying at lower level after prices dropped on over supply woes. Arrivals of new crop in the month of March are estimated at 1.3 million tons up by 38% as compared to corresponding period last season. The rapeseed harvest in the EU, the world's top grower, will bounce back this year, US officials said, adding support to a growing consensus on rising production. The US Department of Agriculture's bureau in Vienna forecast EU rapeseed production to rise by 600,000 tonnes year-on-year, to 21.0m tonnes, thanks to rising yields.

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