Mustardseed futures prices fell by Rs 53 to Rs 3,042 per quintal today, due to weak spot market sentiments.
Market analysts said increased supply and fall in demand at physical markets, mainly influenced trading sentiments here in mustardseed futures prices.
Reduced offtake by oil mills and vanaspati ghee making industries at higher levels also helped in pulling down the prices, they quoted.
At the National Commodity and Derivatives Exchange, mustardseed prices for July contract moved down by Rs 53, or 1.71 per cent, to Rs 3,042 per quintal, with an open interest 2,990 lots.
Prices for May contract went down by Rs 32, or 1.07 per cent, to Rs 2,961 per quintal, clocking an open interest of 80,750 lots, while current month April's contract eased by Rs 29, or 0.98 per cent to Rs 2,920 per quintal in 73,900 lots.
