Mustard seed prices rolled down by Rs 17 to Rs 3,893 per quintal in futures trade today on cutting down of bets by the participants and subdued physical markets.
Market players said, trimming of the positions by the operators, depressed by falling prices at the spot markets due to thin off-take by oil mills, triggered by bloated ready stocks on relentless supplies from growing belts, mainly led fall in mustard seed futures prices.
At the National Commodity and Derivatives Exchange counter, mustard seed delivery for the most traded June fell by Rs 17 or 0.43 per cent to Rs 3,893 per quintal, depicting an open interest of 94,390 lots.
The delivery for May also receded by Rs 16 or 0.41 per cent to Rs 3,853 per quintal, with the open interest of 39,220 lots.