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Mustard seed futures drop 0.57 pc

Press Trust of India  |  New Delhi 

seed prices dipped 0.57 per cent to Rs 4,194 per in futures trade today on trimming of holdings by operators in tune with weak physical market demand.

Market players attributed the fall in seed futures prices to adequate stocks on constant arrivals from growing belts amid lack of buying support from in spot markets.

At the National Commodity and Derivatives Exchange, seed delivery for the most traded April month contract declined by Rs 24 or 0.57 per cent to Rs 4,194 per quintal, revealing an open interest of 33,540 lots.

Likewise, the delivery of the May month contract eased by Rs 23 or 0.54 per cent to Rs 4,237 per quintal, having an open interest of 16,400 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 13:00 IST