Wednesday, February 8, 2017

Rmseed trading range for the day is 3793-3851. Mustard seed prices remained under pressure as crops are in good to excellent condition and weather is favourable. After a drop in output over the past two years, production of mustard is seen rebounding this year on the back of higher rabi acreage. Trade sources estimate the crop to be between 6.5 and 7 million tonnes, on account of prevailing weather conditions. In Alwar spot market in Rajasthan the prices dropped -51.5 Rupees to end at 4128 Rupees per 100 kg. 
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