EPIC RESEARCH NCDEX RM SEED UPDATE OF 2 DECEMBER 2016

Rmseed trading range for the day is 4769-4935. Mustard seed dropped on profit booking after prices gained on supply worries and on strong demand. However downside seen limited as good demand from crusher amid higher sales of mustard by-product supporting the spot prices. All-India acreage of mustard in the ongoing rabi season was nearly 1.9 mln ha, up 175.2% from a year ago. In Alwar spot market in Rajasthan the prices gained 12.85 rupees to end at 4849 rupees per 100 kg.

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