Mustard Seed Ends Higher On Rising Demand

Mustard seed prices closed higher by 0.02 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At the NCDEX, mustard seed futures for October 2015 contract closed at Rs. 4,634 per quintal, up by 0.02 per cent, after opening at Rs. 4,652 against the previous closing price of Rs. 4,633. It touched the intra-day high of Rs. 4,794.

India produces 5.5 m MT to7 million MT annually and about 0.15 m MT is retained for sowing and direct consumption as seed which leaves about 4.8-5.1 million MT for crushing and extracting oil.

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Mustard Seed Ends Lower As Demand Weakens

 

MustardSeed prices closed lower by 0.77 per cent on Wednesday 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 Sept 2015 contract closed at Rs. 4,236 per quintal, down by 0.77 per cent, after opening at Rs. 4,273 against the previous closing price of Rs. 4,269. It touched the intra-day low of Rs. 4,228.

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 %), Canada (19 % ), India (14 % ), Australia (3 % ), Ukraine (2 % ). India produces 5.5 million MT to7 million MT annually. 

 

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Mcx Commodity Tips and Updates for 16 June 2015

Mustard Seed prices closed lower by 1.84 per cent on Monday 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 NCDEX, Mustard Seed futures for June 2015 contract ended at Rs. 4,110/quintal, down by 1.84 per cent, after opening at Rs. 4,150 against the previous closing price of Rs. 4,187. It touched the intra-day low-lying of Rs. 4,100.

Maize prices ended lower by 0.27 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At NCDEX, maize futures for June 2015 contract closed at Rs. 1,110 per quintal, down by 0.27 per cent, after opening at Rs. 1,108 against the previous closing price of Rs. 1,113. It touched the intra-day low of Rs. 1,108.

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Mcx Commodity Tips and Updates for 11 June 2015

Mcx commodity tips : Mustard seed prices closed higher by 0.17 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At NCDEX, mustard seed futures for June 2015 contract closed at Rs. 4,191 per quintal, up by 0.17 per cent, after opening at Rs. 4,190 against the previous ending price of Rs. 4,184. It touched the intra-day high of Rs. 4,215.

Maize prices closed higher by 0.72 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At NCDEX, maize futures for June 2015 contract closed at Rs. 1,113 per quintal, up by 0.72 per cent, after opening at Rs. 1,110 against the previous closing price of Rs. 1,105. It touched the intra-day high of Rs. 1,119.

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Agro Outlook News and Updates for 29 May 2015

D A I L Y B U Z Z

Mcx commodity tips : Maize prices closed higher by 0.25 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for July 2014 contract closed at Rs. 1,187 per quintal, up by 0.25 per cent, after opening at Rs. 1,185 against the previous closing price of Rs. 1,184. It touched the intra-day maximum of Rs. 1,192.

Mustard Seed prices closed lower by 1.1 % 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 NCDEX, Mustard Seed futures for June 2015 contract closed at Rs. 4,225 per quintal, down by 1.1 per cent, after opening at Rs. 4,255 against the previous closing price of Rs. 4,272. It touched the intra-day low of Rs. 4,213.

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