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Mustardseed slips 1% on selling pressure

Higher arrivals from growing areas, profit booking exert pressure in futures trade

Press Trust of India New Delhi
Mustardseed prices met with resistance on higher levels and lost Rs 38 per quintal in the futures trading today amid weak spot markets sentiment.
    
Marketmen said higher arrivals and profit booking at existing higher levels mainly put pressure on prices.
    
At the National Commodity and Derivatives Exchange, mustardseed for far July contract plummeted by Rs 38, or 1.09 per cent, to Rs 3,450 per quintal, witnessing an open interest of 3,910 lots.
    
The April contract lost Rs 14, or 0.42 per cent, to Rs 3,314 per quintal, depicting an open interest of 58,580 lots.

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First Published: Feb 17 2014 | 2:07 PM IST

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