Rmseed Trading Range For The Day Is 3490-3624.






Mustard seed gained as prices recovered on short covering after remained under pressure earlier amid steady arrivals in local mandis and weak demand.

Total arrivals in Rajasthan were around 125,000 bags, in Gujarat arrivals stood at 10,000 bags, in Uttar Pradesh inventories stood at 35,000 bags, in Haryana & Punjab mustard arrivals stood at 35,000 while in Madhya Pradesh mustard arrivals were at 10,000 bags.

Rape/mustard seed's exports during April dropped by 51.69% to 6,842 tons as compared to 14,163 tons in April 2015, data released by Solvent Extractors Association of India (SEA) showed. 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. Rape/mustard seed's exports during April dropped by 51.69% to 6,842 tons as compared to 14,163 tons in April 2015, data released by Solvent Extractors Association of India (SEA) showed.


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