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Mustard seed futures drop over 1 pc on low demand

Press Trust of India  |  New Delhi 

Mustard seed prices on Wednesday eased by Rs 52 to Rs 4,240 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 52, or 1.21 per cent, to Rs 4,240 per quintal in a business turnover of 24,110 lots.

Mustard seed contracts for December delivery declined by Rs 42, or 0.98 per cent, to Rs 4,256 per quintal in a business turnover of 27,360 lots.

Marketmen said offloading of positions by participants following a weak trend in spot market due to easing demand led to fall in mustard seed prices.

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

First Published: Wed, November 06 2019. 13:50 IST