Mustard seed prices dipped 0.57 per cent to Rs 4,194 per quintal in futures trade today on trimming of holdings by operators in tune with weak physical market demand.
Market players attributed the fall in mustard seed futures prices to adequate stocks on constant arrivals from growing belts amid lack of buying support from oil mills in spot markets.
At the National Commodity and Derivatives Exchange, mustard 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.
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