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8/9/2019 Brochures_RapeMustardSeed_28May12.pdf
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RAPE MUSTARD SEED
8/9/2019 Brochures_RapeMustardSeed_28May12.pdf
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INTRODUCTIONINTRODUCTION
Mustard seeds (Brassica Napus) also known as Rape, Oilseed rape, Rapeseeds and Canola are very widely cult ivated throughout theworld. The seeds can come from three different plants: black mustard, brown Indian mustard, and white mustard. Mustard seed isthe third leading source of vegetable oil in the world after Soya bean oil and palm oil. It is world's second leading sources of proteinmeal after soybean meal. Mustard seeds oil content varies from 35% to 46%. It is the source of rapeseed/mustard seed oil andoilcake. Yellow colored oil is obtained by extraction process of the crushed rape/mustard seeds. The pressed cakes of the seeds, leftover after the production of oil are distilled to make De- Oil Cake, which serves as an animal feed.
It is basically a winter crop, requiring a temperate climate to prosper. The planting season or the sowing period in India is during theRabi season i.e. October to November. The crop starts flowering in the months of November, December, January and February. Theharvesting period is from February to March.
GENERAL INFORMATIONGENERAL INFORMATION
USES OF MUSTARD SEEDUSES OF MUSTARD SEED
Mustard seed contains 30-46% oil and this oil which is one of the most important and popular oils in India, is of two types- kacchighani and refined mustard oil.Mustard oil is widely used as medium of preservation for preparation of pickles, chutney and other preparations.
RM Meal being rich in protein and low in glucosinolate content, is used as an ingredient for cattle feed and poultry feed in India. Ithas high demand from the feed millers and is exported to various foreign and Mediterranean Countries
Mustard oil has antifungal propert ies, hence beneficial for body massage for control of skin diseases.
Mustard seeds are also used in India as well as in European countries like France, Italy as versatile spice for culinary preparations offish, meat, vegetables etc.
Mustard seed contains “erucic acid” which has immense industrial applications. 'High Erucic Acid Rapeseed' (HEAR) oil is the non- edible variety of oil, which is used for industrial purposes. The global market for low erucic acid rapeseed oil is ever increasing.
VALUE CHAINVALUE CHAIN
Country Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec
India
China
EU
Canada
Sowing Time Growth Time Harvesting
SEASONALITY SEASONALITY
Global production of rapeseed increased from 37.33 MT in 2000 to 59.38 MT in 2009. It has been growing at t he rate of 6.55% duringthe last 9 years' period (2000-2009). The major contributors to global rapeseed production are China, India, EU-27, Canada and
others with a share of 22%, 11%, 36%, 20% and 11% respectively. Consumpt ion of rapeseed in the World has increased from 31.33 MT
in 1997 to 59.16 MT in 2009, growing at a rate of 7.4 % compounded annually during the period. China has been the biggest
consumer of rapeseed. Annual export trade of rapeseed stands at around 12 MT. It has been growing at the rate of 14.23% (annually
compounded 1996-2009), major share being contributed by Canada.
GLOBAL SCENARIOGLOBAL SCENARIO
Adhatiya/CommissionAgent
Kolhu/Expeller MustardCake
Solvent Plant
SolventExtracted Oil
AnimalFeed
Refinery
Refined Oil
Consumer
Farmer
DOC
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Global Production
3%
Major Trading Centers
State Trading Place
Rajasthan Alwar, Bharatpur, Kota, Jaipur, Ganganagar & Bikaner
Uttar Pradesh Hapur, Agra & Kanpur
West Bengal Kolkata & BurdwanMadhya Pradhesh Morena, Gwalior, Shivpuri
Haryana Faridabad , Bhiwani, Hissar , Mahendragarh
Punjab Ludhiana , Bhatinda , Faridkot , Fathepur Sahib
DOMESTIC SCENARIODOMESTIC SCENARIO
Mustard seed is one of the major sources of oil and meal to India. Mustard is
traditionally the most important oil for the Northern, Central and Eastern parts of
the country. The pungency of the oil is considered as the major 'quality
determining' factor. Rajasthan is the largest producer of mustard seed in the
country with a contribut ion of 54% to the country's total mustard seed
production followed by Punjab and Haryana together contributing 14%. Other
major domestic producers of mustard seed are Madhya Pradesh / Chhattisgarh
(13%) and Gujarat (7%).
Mustard seed is primarily used as a source of edible oil and protein meal, while
also being used as a condiment. The oil recovery from mustard seed ranges
between 38-44% depending upon the variety and crushing processes. The
remnant after oil extraction is used as meal for l ivestock feed. The consumpt ion of
Mustard seed as a condiment is higher in India compared to that in the world. In
India, mustard oil is consumed largely in Northern States, as cooking oil and in
Southern India, it is used for preservation of food products.
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Price limits
Premium/Discount
Position limits
Due Date/ ExpiryDate
Expiry date of the contract:If 20th happens to be a holiday; a Saturday or a Sunday then the due date shall be the immediately precedingtrading day of the Exchange, which is not a Saturday
Delivery Logic Compulsory Delivery
Additional deliverycentres
Alwar (Rajasthan), Kota (Rajasthan), Sri Ganganagar (Rajasthan), Bikaner (Rajasthan),Hapur (Uttar Pradesh) & Agra ( Uttar Pradesh ) (At all centers, up to the radius of 50 km from the municipal limits) (Premium/discount for all centers will be announced at the time of launching a contract
Delivery center Jaipur (up to the radius of 50 km from the municipal limits)
Quantity variation +/- 2%
Name of Commodity Rapeseed-Mustard Seed
Ticker symbol RMSEED
Basis Ex-warehouse Jaipur, exclusive of sales taxes/VAT
Unit of trading 10 MTDelivery unit 10 MT
Quotation/base value Rs per quintal
Tick size Re. 1
Moisture content : 5% (basis)Oil Content (at 5% moisture content level): 42% (basis)FFA%: 1.5 (max)Foreign Matter: 0.25% (basis)
CONTRACT SPECIFICATIONS
For further details, please refer to the NCDEX website http://www.ncdex.comContact our Product Managers for any queries/information:
Abhishek Govilkar : 9826973045, Deepak Gupta : 9982407806, Kanahiya Nand Jha : 9350274983, Mukesh Kumar : 9875215500, Jatin Kothari : 9987333110, Priyank Jain : 9977001863, Rahul Das : 9825211548, Vineet Sharma : 9772424222,
Vishal Dinesh : 9999346054, Sebabrata Sarkar : 9434750325
Daily price fluctuation limit is (+/-) 3%. If the trade hits the prescribed daily price limit there will be a coolingoff period for 15 minutes. Trade will be allowed during this cooling off period within the price band.Thereafter the price band would be raised by (+ / -) 1% and trade will be resumed.If the price again hits the revised price band (4%) during the day, trade will only be allowed within the revisedprice band. No trade / order shall be permitted during the day beyond the revised limit of (+ / -) 4%
Quality delivery with variation shall be acceptable with premium/discount as under:
Moisture: • From 5% to 6.5% accepted at 1:1 discount or part there of • Above 6.5% rejected
Oil Content: • From 42% to 37% accepted at 1:1 discount or part there of
• More than 42% accepted at 1:1 premium or part there of• Below 37% rejected
Foreign matter: • From 0.25% to 2% accepted at 1:1 discount or part there of • Above 2% rejected
• Free from non-edible seeds such as Mahuas, Castor, Neem,Taramira and Argemone seeds.Should be free from any foul odor.
Member-wise: 125,000 MT or 15% of Market open interest whichever is higherClient-wise : 25,000 MTFor near month contracts :The following limits would be applicable from 28 days prior to expiry date of a contractMember: 35,000 MT or 15% of the market-wide near month open position, whichever is higherClient: 7,000 MT
Various supply-demand factors revolving around the global edible oil scenario The seasonal nature of the production Its high susceptibil ity to natural fallacies Wide consumpt ion of its derivatives (oil and meal) The nature of t he existing supply
Value chain Participants activities
The present dependence on the other edible oils
The ups and downs in production estimates declared by Govt., SEA, MOPA
International prices of other oilseeds and oils
The presence of a large unorganized crushing sector
Stocks available at Exchange Warehouse
Final Expiry date (FED) of the Stocks available at Exchange Warehouse
FACTORS AFFECTING MUSTARD/RAPE SEED PRICESFACTORS AFFECTING MUSTARD/RAPE SEED PRICES