Mustard Seed on NCDEX settled up by 0.53% at 3794 on hope of strong demand and lower supply. Prices of mustard will be supported by higher demand from crusher ahead festive and winter season. Mustard price will also be supported by speculation of lower supply in coming season as current sowing data reflected farmers disinterest for oil-seeds. Rape/mustard seed's exports during August dropped to 6,500 tons as compared to 8,393 tons in August 2016, provisional data released by Solvent Extractors Association of India (SEA) showed.

Trading Ideas:

* Rmseed trading range for the day is 3764-3814.

* Mustard seed prices gained on hope of strong demand and lower supply.

* Prices of mustard will be supported by higher demand from crusher ahead festive and winter season.

* NCDEX accredited warehouses mustard seed stocks dropped by 1028 tonnes to 15362 tonnes.

* In Alwar spot market in Rajasthan the prices dropped -25.75 Rupees to end at 3844.75 Rupees per 100 kg.

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