Mustard seed futures drop 0.60 pc

Mustard seed traded lower by Rs 24 to Rs 3,958 per quintal in futures trade today as speculators offloaded holdings in line with a weak trend at the physical markets.
At the National Commodity and Derivative Exchange, mustard seed to be delivered this month contract was trading lower by Rs 24 or 0.60 per cent to Rs 3.958 per quintal, with an open interest of 11,830 lots.
The most-active delivery in January month contract also fell by Rs 17 or 0.42 per cent to Rs 4,018 per quintal, clocking an open interest of 34,290 lots.
Marketmen said offloading of positions by speculators triggered by weak trend at the physical markets mainly led to the fall in mustard seed prices at futures trade here.