Mustard seed prices extended losses by Rs 17 to Rs 4,142 per quintal in futures trade today as participants preferred to cut down their holdings constantly under pressure of weak physical markets.
According to market players, sentiment dampened due to weakening trend at the spot markets due to mounting of stocks on arrivals of new crops.
At the National Commodity and Derivative Exchange counter, mustard seed delivery for the most active April month dropped by Rs 17 or 0.41 per cent to Rs 4,142 per quintal, showing business turnover of 40,360 open lots.
Likewise, mustard seed delivery for May eased by Rs 17 or 0.40 per cent to Rs 4,185 per quintal, revealing an open interest of 18,490 lots.