Mustard seed prices slackened by Rs 28 to Rs 4,196 per quintal in futures trade today on liquidated holdings by the traders, dampened by subdued physical markets.
Marketmen said tracking weak physical markets cues, where prices remained in pressure of ample stocks and tepid demand from oil mills, traders preferred to off-load bets, which reflected the downturn in mustard seed futures prices.
At the National Commodity and Derivatives Exchange platform, mustard seed delivery for August moved down by Rs 28 or 0.66 per cent to Rs 4,196 per quintal, showing business turnover of 1,18,900 open lots.
Meanwhile, the delivery of the far contract September went down by Rs 27 or 0.63 per cent to Rs 4,240 per quintal, revealing an open interest of 38,180 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
