Mustard seed settled flat paring its gains seen as physical demand increasing expecting good demand from the oil mills. Moreover, sowing of mustard in Rajasthan started but slow compared to last year. As on now about 9.8 lakh ha have been sown compared to 15.7 lakh ha Last year. This year target is 26 lakh ha. Last year area was 25 lakh ha while 5 year average is 25.8 lakh ha. Support price for mustard in 2017-18 rose by 8.1% on year to 4,000 rupees per 100 kg. As per SEA data, during Nov-Sep, import of mustard oil sharply down to 2.55 lt from 3.33 lt a year ago.

Trading Ideas:

* Rmseed trading range for the day is 3943-4035.

* Mustard seed settled flat paring its gains seen as physical demand increasing expecting good demand from the oil mills.

* Moreover, sowing of mustard in Rajasthan started but slow compared to last year.

* NCDEX accredited warehouses mustard seed stocks gained by 41 tonnes to 5097 tonnes.

* In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 0 Rupees per 100 kg.

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