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Mustard Seed on NCDEX settled down by -0.13% at 3858 tracking weakness in spot demand amid profit booking. 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, mainly on account of the higher acreage and prevailing weather conditions in the major producing States of Rajasthan and Madhya Pradesh. 

Mustard planting is almost complete and per the latest data from the Agriculture Ministry, the rabi acreage under the oilseed has registered a 10.1 % increase over last year. The major increase in absolute acreage has come about in Rajasthan, where farmers have planted the oilseed on an additional 3.55 lakh ha or 14.53 % more compared to last year.