Mustardseed prices declined by Rs 37 to Rs 2,838 per quintal in future trade today on increased selling by traders, driven by weak spot markets cue.
Market analysts said increased supply amid reduced offtake in the physical markets, mainly influenced trading sentiment in futures market here.
Reports of bumper crops this year also influenced the market sentiment, they added.
At the National Commodity and Derivatives Exchange, mustardseed for delivery in July dropped by Rs 37, or 1.29%, to Rs 2,838 per quintal, with an open interest of 2,990 lots.
Similarly, mustardseed for delivery in April shed Rs 24, or 0.88%, to Rs 2,710 per quintal, with a business turnover of 62,450 lots.
Mustardseed futures prices for delivery in May also dipped by Rs 24, or 0.86%, to Rs 2,753 per quintal, with an open interest of 1,18,850 lots.