Mustardseed futures decline on profit-booking

Mustardseed prices were down by Rs 9 to Rs 3,897 per quintal in futures trading today amid profit-booking by traders on existing levels.

At the National Commodity and Derivative Exchange, mustardseed for delivery in April month contract declined by Rs 9 or 0.23 per cent to Rs 3,897 per quintal, with an open interest of 66,610 lots.

May month contract delivery also lost Rs 8, or 0.20 per cent to Rs 3,933 per quintal, in an open interest of 29,080 lots.

Marketmen said profit-booking by speculators after recent gains, led to the fall in prices.