Mustard Seed on NCDEX settled up by 0.73% at 3866 tracking firmness in spot demand despite of oversupply woes. Mustard Oil Producers Association (MOPA) in its 38th All India Rabi Oil Trade and Industry Seminar held in Raipur hiked its mustard seed 2016-17 output forecast by 19.31%. India's mustard seed output during 2016-17 is estimated at 6.92 million ton as against 5.8 million ton on thanks to higher acreage and favourable weather, said MOPA.

Trading Ideas:

*Rmseed trading range for the day is 3821-3895.

*Mustard seed prices ended with gains tracking firmness in spot demand despite of oversupply woes. 

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