Mustard seed futures ease on tepid demand

Mustard seed prices on Friday eased by Rs 18 to Rs 4,282 per quintal in futures trade as speculators cut down their positions on subdued demand.

On the National Commodity and Derivatives Exchange, mustard seed contracts for November delivery fell by Rs 18, or 0.42 per cent, to Rs 4,282 per quintal in a business turnover of 3,360 lots.

Mustard seed contracts for December delivery declined by Rs 13, or 0.30 per cent, to Rs 4,273 per quintal in a business turnover of 37,810 lots.

Marketmen said offloading of positions by participants following a weak trend in spot market due to easing demand led to fall in mustard seed prices.