NCDEX mustard dn as demand poor, output seen higher.

Futures contracts of mustard seed fell on the NCDEX due to subdued demand in the spot markets and a likely higher output in 2016-17 (Jul-Jun). The most-active July contract of mustard traded down 0.6%. Demand for the oilseed is weak as millers have sufficient stock. Apprehension that the government will not lift the stock limit on oilseeds and edible oils as per the industry plea also weighed on the prices. SEA pegged India total production of mustard in 2016-17 at 7 mln tn, 20% higher than 5.8 mln tn year ago.