Mustard seed ends higher on restricted arrivals

 

Mustard seed prices closed higher by 0.69 per cent on Thursday 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 June 2016 contract closed at Rs. 4,392 per quintal, up by 0.69 per cent, after opening at Rs. 4,371 against the previous closing price of Rs. 4,362. It touched the intra-day high of Rs. 4,409.

India produces 5.5 million MT to7 million MT annually and about 0.15 million 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 On Sluggish Demand

Mustard Seed prices closed lower by 1.94 per cent on Tuesday 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 May 2016 contract closed at Rs. 4,347 per quintal, down by 1.94 per cent, after opening at Rs. 4,421 against the previous closing price of Rs. 4,433. It touched the intra-day low of Rs. 4,331.

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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Mustard Seed Ends lower On Sluggish Demand

Mustard Seed prices closed lower by 1.4 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 May 2016 contract closed at Rs. 4,518 per quintal, down by 1.4 per cent, after opening at Rs. 4,629 against the previous closing price of Rs. 4,582. It touched the intra-day low of Rs. 4,480. 

 

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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Mustard Seed Ends Lower On Waning Demand

 Mustard Seed prices closed lower by 0.09 per cent on Tuesday 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 Oct 2015 contract closed at Rs. 4,441 per quintal, down by 0.09 per cent, after opening at Rs. 4,421 against the previous closing price of Rs. 4,445. It touched the intra-day low of Rs. 4,410.

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 % 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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