Mustard Seed Gained On Short Covering After Prices Dropped On Expectation

Rmseed trading range for the day is 3789-3897.

Mustard seed gained on short covering after prices dropped on expectation of higher production prospects this year.

Mustard production is forecast about 84 lakh tonnes, up 1% y/y, in second advance estimate for 2018-19 by Government.

As per SEA, the production will be higher by about 19% this season to over 81 lakh tonnes due to better climate and higher area.

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