Mustard seed prices on Monday dropped by Rs 75 to Rs 4,539 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 January delivery fell by Rs 75, or 1.63 per cent, to Rs 4,539 per quintal in a business turnover of 13,560 lots.
Mustard seed contracts for February delivery declined by Rs 72, or 1.56 per cent, to Rs 4,544 per quintal in a business turnover of 9,540 lots.
Marketmen said offloading of positions by participants following a weak trend in spot market led to fall in mustard seed prices.
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