Mustard seed ends lower on weak demand 18/06/2014

Mustard seed ends lower on weak demand
18/06/2014 10:03
Mustard Seed prices closed lower by 0.52 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 June 2014 contract closed at Rs. 3,450 per quintal, down by 0.52 per cent, after opening at Rs. 3,480 against the previous closing price of Rs. 3,468. It touched the intra-day low of Rs. 3,440
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.

Mustard seed ends higher on restricted supply 05/06/2014

Mustard seed ends higher on restricted supply
05/06/2014 09:27
Mustard seed prices closed higher by 0.47 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 the NCDEX, mustard seed futures for June 2014 contract closed at Rs. 3,405 per quintal, up by 0.47 per cent, after opening at Rs. 3,380 against the previous closing price of Rs. 3,389. It touched the intra-day high of Rs. 3,414.
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.

Mustard seed ends lower on sluggish demand 29/05/2014

Mustard seed ends lower on sluggish demand
29/05/2014 09:31
Mustard Seed prices closed lower by 0.76 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 June 2014 contract closed at Rs. 3,412 per quintal, down by 0.76 per cent, after opening at Rs. 3,425 against the previous closing price of Rs. 3,438. It touched the intra-day low of Rs. 3,401 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.