Mustard seed prices on Tuesday dropped by Rs 28 to Rs 4,359 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 January delivery fell by Rs 28, or 0.64 per cent, to Rs 4,359 per quintal in a business turnover of 4,310 lots.
Mustard seed contracts for February delivery declined by Rs 21, or 0.48 per cent, to Rs 4,392 per quintal in a business turnover of 14,540 lots.
Marketmen said offloading of positions by participants following a weak trend in spot market led to fall in mustard seed prices.
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