EPIC RESEARCH NCDEX RM SEED UPDATE OF 31 JULY 2017

Rmseed trading range for the day is 3665-3719. Mustard seed dropped on profit booking after prices gained on reports of heavy rains in Gujarat and Rajasthan. Pressure also seen due to weak demand from the oil mills on higher supplies and lower prices of mustard oil in domestic market. NCDEX accredited warehouses mustard seed stocks dropped by 374 tonnes to 33798 tonnes. In Alwar spot market in Rajasthan the prices dropped -6.45 Rupees to end at 3819 Rupees per 100 kg.



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