Mustard Seed prices closed lower by 0.02 per cent on Wednesday at the
National Commodity & Derivatives Exchange Limited (NCDEX) as a
result of the profit booking by the traders on account of the weak
crushing and export demand of mustard meal. At the NCDEX, Mustard Seed
futures for June 2016 contract closed at Rs. 4,363 per quintal, down by
0.02 per cent, after opening at Rs. 4,351 against the previous closing
price of Rs. 4,364. It touched the intra-day low of Rs. 4,334.
Sentiment weakened further due to the sluggish export demand as a result
of the weak demand for the commodity.
EU-27 accounts to about 34 per cent of worlds RM seed production, others
major producers are China (23 per cent), Canada (19 per cent), India
(14 per cent), Australia (3 per cent), Ukraine (2 per cent). India
produces 5.5 million MT to7 million MT annually.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
Thursday, May 26, 2016
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