Commodities trading tips for mustard by Kedia commodity

Mustard Mustard, yesterday settled 0.18% at the end of booking profits 3243 after saw support prices because of weak races in local mandies along with the great demand of mustard oil on the domestic market. According to market data, total arrivals mustard seed decreased to 1.50-1.60 Lakh Bags last week, down almost 0.50-0.60 Lakh bags from before. This was due to the limited supply of farmers at lower levels. Market data suggested that farmers currently have reserves of about 37 Lakh tonnes, while nearly 8 Lakh tonnes were lying in warehouses of Millers. Traders also suggested that a common proposal mustard seed this year is expected to reach 67-68 Lakh tonnes against estimates of 71 COOIT Lakh tonnes. Thus reducing the harvest of seeds of mustard can incite the mustard seed demand is low. Market sources indicate that about 50% from last year's harvest are still available on the market. This will encourage strong sales in each market growth stockiest futures. Mustard seed futures, increased by almost 10% in one week because of the sharp growth in other oilseeds like soy and Castor seeds. In the past trade, prices will remain under pressure at the expense of seeding is progressing in oilseed Harif major producers. According to the latest data compiled by the Ministry of agriculture said that the planting area of oil crops as August 1, 2013 year registered in 173 Kyats HA, 28% last year in the same year. This is mainly due to the strong areas of soybeans and peanuts this year. In Alwar in Rajasthan spot market price has fallen-27 rupees to 3423 rupees to 20kgs. Now mustard is getting support at 3225 and below could see the quiz level, resistance and 3207 now likely see on 3269, step above could see prices testing 3295.