 "Mustardseed futures weaken on profit-booking, low demand")
Mustardseed prices fell by Rs 39 at Rs 3,870 per quintal in futures trading today as participants booked profits at higher levels amid weak trend at spot market.
At the National Commodity and Derivatives Exchange (NCDEX), mustardseed for delivery in June was trading Rs 39, or 1 per cent down at Rs 3,870 per quintal in an open interest of 35,720 lots.
Also, the most active May contract slipped by Rs 36, or 0.93 per cent to Rs 3,829 per quintal, in an open interest of 48,810 lots.
Marketmen attributed fall in mustardseed prices at futures trade to profit-booking by speculators after recent gains and a weak trend at domestic spot markets owing to low demand.
At the National Commodity and Derivatives Exchange (NCDEX), mustardseed for delivery in June was trading Rs 39, or 1 per cent down at Rs 3,870 per quintal in an open interest of 35,720 lots.
Also, the most active May contract slipped by Rs 36, or 0.93 per cent to Rs 3,829 per quintal, in an open interest of 48,810 lots.
Marketmen attributed fall in mustardseed prices at futures trade to profit-booking by speculators after recent gains and a weak trend at domestic spot markets owing to low demand.