Mustard seed prices fell by Rs 63 to Rs 4,096 per quintal in futures trade today as speculators trimmed bets amid a weak trend at the spot markets on ample stocks.
Marketmen attributed the fall in mustard seed prices to cutting down of positions by participants amid a weak trend at the spot markets on rising stocks.
At the National Commodity and Derivative Exchange, mustard seed to be delivered in April contracts dropped by Rs 63, or 1.51 per cent, to Rs 4,096 per quintal with and open interest of 46,450 lots.
The delivery in May contracts also slipped Rs 54, or 1.29 per cent, to Rs 4,142 per quintal in a business turnover of 22,520 open lots.
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