NCDEX mustard seed down on weak export demand for oil.

Futures contract of mustard seed was down on the NCDEX, due to sluggish demand for mustard oil from overseas buyers. On the NCDEX, the most-active August contract traded down 0.24% from previous close. A fall in stocks at the exchange warehouses, however, cushioned fall in prices.

Canada ups year to Jul chana price forecast by 4% as inventory falls.

Canada has further scaled up its 2016-17 (Aug-Jul) price estimate for chana for the third time this year, while retaining that for peas and masur. Chana or chickpeas prices for 2016-17 have been forecast higher at $990-$1,000 per tonne from $950-$960 per tonne estimated last month. The average price is forecast to increase sharply to record prices, due to lower Canadian and world stocks. However, in 2017-18, prices are likely to see a correction and are likely to be quoted in the range of $960-$990 per tonne.