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Mustard seed futures extend losses on spot demand

Press Trust of India  |  New Delhi 

seed prices fell further by Rs 33 to Rs 3,876 per in futures trade today on continual liquidating of positions by operators in line with a weakening spot market trend.

According to market experts, abound availability of seed in the market on non-stop supplies from producing belts along with tepid demand for in spot markets, mainly kept the seed futures prices in the red zone for the second straight session.

At the National Commodity and Derivatives Exchange, mustard seed delivery for May slackened by Rs 33, or 0.84 per cent, to Rs 3,876 per quintal, in a business turnover of 1,23,240 open lots.

Likewise, the delivery for April went down by Rs 29, or 0.74 per cent, to Rs 3,865 per quintal, in an open interest of 4,260 lots.

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

First Published: Tue, April 17 2018. 11:30 IST