Mustard Seed on NCDEX settled down by -0.65% at 3676 due to weak demand from the oil mills on higher supplies and lower prices of mustard oil in domestic market. As per recent data from Solvent Extractors Association , mustard oil imports increased by 55.7% in May compared to last year imports. Moreover, imports for period Nov-May increase to 1.18 lt in 2016/17 from 1.72 lt in the previous year. Mustard arrivals began in mid-February, while supply started in March in full swing.

Trading Ideas:

* Rmseed trading range for the day is 3641-3733.

* Mustard seed dropped due to weak demand from the oil mills on higher supplies and lower prices of mustard oil in domestic market.

* The agriculture department in Rajasthan has estimated mustard output in 2016-17 (Jul-Jun) to rise by 21% on year to 3.94 mln tn because of higher yields.

* NCDEX accredited warehouses mustard seed stocks dropped by 2287 tonnes to 36950 tonnes.

* In Alwar spot market in Rajasthan the prices gained 38.65 Rupees to end at 3831.9 Rupees per 100 kg.

Ripples Advisory>>Free Trial or Tips click here>> https://www.justdial.com/Indore/Ripples-Advisory.