 "Mustardseed down 0.8% on weak trend in spot market")
Mustardseed prices declined by Rs 28 to Rs.3,541 per quintal in futures trading today as speculators trimmed positions, tracking weak sentiments in physical markets.
At the National Commodity and Derivatives Exchange counter, mustardseed for delivery in September month contracts were down by Rs 28, or 0.78%, to Rs 3,541 per quintal, having an open interest of 38,560 lots.
Most-active near contract October month too fell by a similar margin to trade at Rs 3,572 per quintal, clocking an open interest of 40,320 lots.
Marketmen said the fall in mustardseed prices at futures trade was mostly attributed to a weak trend at spot markets on increased supplies against slackness in demand.
At the National Commodity and Derivatives Exchange counter, mustardseed for delivery in September month contracts were down by Rs 28, or 0.78%, to Rs 3,541 per quintal, having an open interest of 38,560 lots.
Most-active near contract October month too fell by a similar margin to trade at Rs 3,572 per quintal, clocking an open interest of 40,320 lots.
Marketmen said the fall in mustardseed prices at futures trade was mostly attributed to a weak trend at spot markets on increased supplies against slackness in demand.