Mustardseed prices weakened by Rs 3.75, or 0.69 per cent, to Rs 537 per 20 kg in futures market today on profit booking by traders, driven by weak spot market sentiment.
Marketmen said besides profit booking by traders, increased supply from growing regions pulled down the mustardseed prices in futures trade.
They said falling demand from oil mills at higher levels in physical markets, weighed on the trading sentiment.
At the National Commodity and Derivatives Exchange counter, mustardseed prices for current September contract went down by Rs 3.75, or 0.69 per cent, to Rs 537 per 20 kg, with an open interest of 78,950 lots.
The October contract also moved down by Rs 3.85, or 0.70 per cent, to Rs 544.80 per 20 kg, with an open interest of 90,150 lots.