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Mustard seed futures drop further on weak cues

Press Trust of India  |  New Delhi 

seed prices slipped by Rs 21 to Rs 4,161 per in futures trade today on subdued market sentiment.

Market players said mounting of stocks on supplies of new crops from growing belts amid limited offtake by oil mills, led to the decline.

At the National Commodity and Derivative Exchange, seed delivery for May contract moved down further by Rs 21 or 0.50 to Rs 4,161 per quintal, revealing an open interest of 17,850 lots.

Similarly, delivery of the most traded April month went down by Rs 18 or 0.44 per cent to Rs 4,119 per quintal, with an open interest of 41,630 lots.

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

First Published: Tue, March 13 2018. 12:45 IST