Mustard seed prices on Friday dropped by Rs 28 to Rs 4,619 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 January delivery fell by Rs 28, or 0.60 per cent, to Rs 4,619 per quintal in a business turnover of 15,350 lots.
Mustard seed contracts for February delivery declined by Rs 34, or 0.75 per cent, to Rs 4,620 per quintal in a business turnover of 9,050 lots.
Marketmen said offloading of positions by participants following a weak trend in spot market led to fall in mustard seed prices.
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