Mustard seed prices came down by Rs 17 to Rs 4,167 per quintal in futures trade today on reduction of holdings by investors on discouraging physical markets leads.
Marketmen said tracking weak physical markets leads, where prices traded lower due to ample stocks amid slackness in demand for oil mills, traders opted to cut down their holdings.
At the National Commodity and Derivatives Exchange counter, mustard seed delivery for the first contract August dropped by Rs 17 or 0.41 per cent to Rs 4,167 per quintal, in an open interest of 93,470 lots.
Also, the delivery for September declined by Rs 14 or 0.33 per cent to Rs 4,216 per quintal with an open interest of 60,390 lots.
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