Don’t miss the latest developments in business and finance.

Mustard seed futures down on sluggish demand

Image
Press Trust of India New Delhi
Last Updated : Nov 08 2019 | 1:40 PM IST

Mustard seed prices on Friday eased by Rs 8 to Rs 4,248 per quintal in futures trade as speculators cut down their positions on subdued demand.

On the National Commodity and Derivatives Exchange, mustard seed contracts for November delivery fell by Rs 8, or 0.19 per cent, to Rs 4,248 per quintal in a business turnover of 20,670 lots.

Mustard seed contracts for December delivery declined by Rs 5, or 0.12 per cent, to Rs 4,268 per quintal in a business turnover of 32,200 lots.

Marketmen said offloading of positions by participants following a weak trend in spot market due to easing demand led to fall in mustard seed prices.

Also Read

First Published: Nov 08 2019 | 1:40 PM IST

Next Story