Mustard seed prices were down by Rs 28 to Rs 4,262 per quintal in futures trade Monday as traders reduced their bets in tune with weak physical markets.
Marketmen said cutting down of holdings by traders, triggered by a weak trend at the spot markets on ample stocks position following persistent arrivals from growing belts against slackened demand from millers attributed the fall in mustard seed prices in futures trade here.
At the National Commodity and Derivatives Exchange platform, the delivery of the mustard seed for delivery in November contracts declined by Rs 28 or 0.65 per cent to Rs 4,262 per quintal, clocking an open interest of 2,460 lots.
While, the most-active, delivery in October contract was trading lower by Rs 22 or 0.52 per cent, to Rs 4,218 per quintal, having an open interest of 71,180 lots.
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