Mustard seed prices were down Rs 26 to Rs 3,486 per quintal in futures trading today after traders indulged in reducing their exposure amid a weak trend at the spot markets.
Marketmen said apart from relentless arrivals from producing areas, fall in demand demand from oil mills in spot markets mainly led to fall in mustard seed prices in futures trade here.
At the National Commodity and Derivative Exchange, mustard seed for delivery in June contracts fell by Rs 26 or 0.74 per cent to Rs 3,486 per quintal, with an open interest of 53,050 lots.
The July contracts of mustard seed were also trading lower by Rs 20 or 0.56 per cent to Rs 3,535 per quintal, in an open interest of 48,930 lots.
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