MCX NCDEX Tips: Mustard Seed prices closed lower by 0.52 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the investor's on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for September 2015 contract closed at Rs. 4,206 per quintal, down by 0.52%, after starting at Rs. 4,235 against the last closing price of Rs. 4,228. It touched the intra-day low of Rs. 4,185.
Sentiment weakened further due to the sluggish export requirement as a result of the weak demand for the commodity.
EU-27 accounts to about 34% of worlds RM seed manufacturing, others major producers are China (23 per cent), Canada (19%), India (14%), Australia (3%), Ukraine (2%). India generates 5.5 million MT to7 million MT annually.
Sentiment weakened further due to the sluggish export requirement as a result of the weak demand for the commodity.
EU-27 accounts to about 34% of worlds RM seed manufacturing, others major producers are China (23 per cent), Canada (19%), India (14%), Australia (3%), Ukraine (2%). India generates 5.5 million MT to7 million MT annually.
No comments:
Post a Comment