Mustard seed prices drifted lower by Rs 7 to Rs 3,693 per quintal in futures trading today after participants cut down their bets amid falling demand at the spot markets. Marketmen offloading of positions by participants, tracking a weak trend at the spot markets on reduced offtake by oil mills, mainly led to the fall in mustard seed prices in futures trade. At the National Commodity and Derivatives Exchange, mustard seed for delivery in August eased by Rs 7, or 0.19 per cent, to Rs 3,693 per quintal, having an open interest of 60,100 lots. Mustard seed for delivery in September also lost Rs 4, or 0.11 per cent, to Rs 3,738 per quintal, having an open interest of 12,730 lots.
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