Mustard seed prices on Monday dropped by Rs 2 to Rs 4,094 per quintal in futures trade as speculators cut down their positions on weak demand at the spot market.
On the National Commodity and Derivatives Exchange, mustard seed contracts for February delivery fell by Rs 2, or 0.05 per cent, to Rs 4,094 per quintal in a business turnover of 12,690 lots.
Mustard seed contracts for April delivery also declined by Rs 14, or 0.34 per cent, to Rs 4,109 per quintal in a business turnover of 15,450 lots.
Marketmen said offloading of positions by participants following a weak trend in spot market mainly led to fall in mustard seed prices.
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