Mustard seed prices on Monday dropped Rs 12 to Rs 4,246 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 12, or 0.28 per cent, to Rs 4,246 per quintal in a business turnover of 2410 lots.
Mustard seed contracts for December delivery declined by Rs 11, or 0.26 per cent, to Rs 4,252 per quintal in a business turnover of 36,140 lots.
Marketmen said offloading of positions by participants following a weak trend at spot market due to easing demand led to fall in mustard seed prices.
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