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Mustardseed down 0.6% on profit-booking

Marketmen said profit-taking by traders at existing higher levels brought down the trading sentiments

Press Trust of India New Delhi
Mustardseed prices fell by Rs 24 to Rs 3,570 per quintal in futures trading today owing to profit-booking by traders at prevailing higher levels.

Marketmen said profit-taking by traders at existing higher levels mainly brought down the trading sentiments.

Increased supply and reduced offtake by oil mills and vanasapati units in physical markets also put weight on prices, they said.

At the National Commodity and Derivatives Exchange, Mustardseed for current October contract declined by Rs 24, or 0.67%, to Rs 3,570 per quintal in an open interest of 3,660 lots.

Most active near November contract fell by Rs 24, or 0.65%, to Rs 3,662 per quintal and open interest revealing in 43,000 lots.

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First Published: Oct 15 2013 | 1:40 PM IST

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