Mustard seed futures prices dropped by Rs 25 to Rs 4,200 per quintal in futures trading Monday on offloading of bets by participants, tracking a weak trend at the spot markets.
Marketmen said trimming of positions by participants to book profits amid low spot demand against persistent supplies from growing belts, led to the fall in mustard seed prices.
At the National Commodity and Derivative Exchange, mustard seed for delivery in December moved down by Rs 25 or 0.59 per cent to Rs 4,200 per quintal, showing an open interest of 6,000 lots.
Mustard seed to be delivered in November month contracts also shed Rs 21,or 0.50 per cent at Rs 4,152 per quintal, in an open interest of 58,700 lots.
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