Mustard Seed prices closed lower by 1.24 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for August 2015 contract closed at Rs. 4,052 per quintal, down by 1.24 per cent, after opening at Rs. 4,099 against the previous closing price of Rs. 4,103. It touched the intra-day low of Rs. 4,042.Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity.EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2%). India produces 5.5 million MT to7 million MT annually.
And we Saw That Mustard Seed prices closed lower by 0.65 per cent on Thursday at the
National Commodity & Derivatives Exchange Limited (NCDEX) as a
result of the profit booking by the traders on account of the weak
crushing and export demand of mustard meal. At the NCDEX, Mustard Seed
futures for August 2015 contract closed at Rs. 4,098 per quintal, down
by 0.65 per cent, after opening at Rs. 4,122 against the previous
closing price of Rs. 4,125. It touched the intra-day low of Rs. 4,070.
Sentiment weakened further due to the sluggish export demand as a result
of the weak demand for the commodity.
EU-27 accounts to about 34 per cent of worlds RM seed production, others
major producers are China (23 per cent), Canada (19 per cent), India
(14 per cent), Australia (3 per cent), Ukraine (2 per cent). India
produces 5.5 million MT to7 million MT annually.
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