Mustard
Seed prices closed lower by 0.02 per cent on Monday 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. 4,422 per quintal, down by 0.02 per cent,
after opening at Rs. 4,441 against the previous closing price of Rs.
4,423. It touched the intra-day low of Rs. 4,404. 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
Tuesday, May 31, 2016
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5/31/2016 10:28:00 AM
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AGRI TIPS , Comex Gold Live Tips , commodity tips , Currency Derivates , EPIC RESEARCH , epicresearch.co , NCDEX tips , Option trading tips , Stock Tips
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