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Mustard seed futures drop on physical sentiments

Press Trust of India  |  New Delhi 

seed prices went down by Rs 17 to Rs 3,948 per in futures trade today after liquidating of holdings by the speculators in line with down beat physical sentiments.

Market players said traders were off loading their positions, tracking weak physical markets, which reflected the downturn in seed futures prices.

In spot market, slackness in demand for amid gearing up in supplies from producing regions mainly kept the prices lower, they quoted.

At the National Commodity and Derivatives Exchange platform, seed delivery for the most traded May slipped by Rs 17 or 0.43 per cent to Rs 3,948 per quintal, with the business turnover of 1,20,590 open lots.

In a similar manner, the delivery of the immediate contract April eased by Rs 10 or 0.25 per cent to Rs 3,920 per quintal, clocking an open interest of 7,500 lots.

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

First Published: Thu, April 12 2018. 12:25 IST