Mustard seed trading range for the day is 3641 - 4097. Rmseed settled down -on profit booking after prices seen supported on winter demand and increase in minimum support price by the government. As per SEA data, during Nov-Sep, import of mustard oil sharply down to 2.55 lt from 3.33 lt a year ago. There are improved mustard meal exports in first 6 month of FY 2017/18.

As per data compiled by Mustard Oil Producers Association of India, Oil mills across the country crushed 425,000 tn of mustard seed in September, down around 6% from previous month. The SEA, welcomed the government decision of higher Minimum support prices for mustard and requested the government to higher import duty on edible oil.

SELL RMSEED @ 3900 SL 3960 TGT 3840-3800. NCDEX.

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