Mustard seed prices settled down by 0.44 percent to Rs.3369 on account of profit booking despite basket fresh buying position with volume in the future market and lower arrivals in the spot market.
According to PIB, as on January 27, 2012, total area under oilseeds cultivation is reported to be 84.35 lakh hectares against 93.15 lakh ha last year.
Higher area has been reported under oilseed crops in Tamil Nadu (1.04 lakh ha), Jharkhand (0.63 lakh ha), Uttar Pradesh (0.51 lakh hectare), Gujarat (0.37 lakh hectare), and Assam (0.21 lakh hectare).
BUY NCDEX RM SEED (APR) ABOVE 3370 SL 3340 TGT 3450
R1 3400 R2 3450 S1 3340 S2 3300.
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