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Mustardseed futures fell on weak spot market cues

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Press Trust of India New Delhi

Mustardseed prices edged down by Rs 3.25, or 0.62 per cent, to Rs 522 per 20 kg in futures trade today on lower spot market sentiment against heavy arrivals.

Marketmen said heavy arrivals from the growing regions along with fall in demand from oil mills and stockists in physical markets, held mustardseed prices in negative terrain.

At the National Commodity and Derivatives Exchange platform, mustardseed prices for current June-month contract went down by Rs 3.25, or 0.62 per cent, to Rs 522 per 20 kg, with an open interest of 1,10,370 lots.

August contract also inched down by Rs 3.25 or 0.61 per cent to Rs 528 per 20 kg, with an open interest of 57,930 lots.

 

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First Published: Jun 22 2010 | 3:42 PM IST

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