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Mustard seed futures slide on rising stockpiles

Press Trust of India  |  New Delhi 

seed prices fell by Rs 71 to Rs 4,168 per in futures trade today as investors reduced holdings amid weak cues from the spot market.

Market players said commencing fresh arrivals of new crops into the markets from producing belts created ample ready stocks amidst slow down in offtake by in spot markets discouraged traders, which led to fall in seed futures prices.

At the National Commodity and Derivative Exchange, seed delivery for April contract slipped by Rs 71, or 1.67 per cent, to Rs 4,168 per with an open interest of 37,780 lots.

Likewise, the delivery of the May contract moved down by Rs 64, or 1.50 per cent, to Rs 4,209 per with an open interest of 16,530 lots.

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

First Published: Mon, March 12 2018. 12:30 IST