Mustardseed futures prices softened by Rs 44 to Rs 3,350 per quintal today on selling by traders in tandem with weak spot market sentiment.
Marketmen said reports of good crops production and increased supply against reduced offtake in physical markets, mainly led to fall here in future price of mustardseed.
Fall in demand from oil mills and vanaspati mills also dampened the trading sentiment, they said.
At the National Commodity and Derivatives Exchange, mustardseed for delivery in July slipped by Rs 44, or 1.30%, to Rs 3,350 per quintal, with an open interest of 2,700 lots.
The April contract eased by Rs 27, or 0.83%, to Rs 3,289 per quintal, clocking an open interest of 1,29,990 lots.
