Rmseed On NCDEX Settled Down -0.11% At 3682



Rmseed on NCDEX settled down -0.11% at 3682 amid bumper production and subdued demand. Prices of mustard seed were under pressure on robust output in country. Rape seed/mustard seed output in Rajasthan during 2016-17 is estimated at 3.73 million ton on the back of higher acreage, according to third advance estimates released by the state government. Last year, Rajasthan produced 3.25 million ton rape/mustard seed.

Rapeseed/mustard seed acreage stood at 2.68 million hectare up from 2.53 million hectare a year ago, showed data. India's 2016-17 rapeseed/mustard output is projected at 7.91 million ton by agriculture ministry while trade body SEA projected output at 7.2 million ton. During 2015-16, India produced 7.79 million ton of rape/mustard seed according to ministry of agriculture.

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