Mustard seed prices showed a moderate fall of Rs 5 at Rs 4,141 per quintal in futures trade today as traders reduced holdings amid lower demand in the spot markets.
Marketmen attributed the fall in mustard seed futures to reduced demand from oil mills, triggered by ample stocks in the spot markets.
At the National Commodity and Derivatives Exchange, mustard seed for September dropped by Rs 5, or 0.12 per cent, to Rs 4,141 per quintal, clocking an open interest of 1,05,850 lots.
Also, the delivery for August went down by Rs 4, or 0.10 per cent, to Rs 4,093 per quintal, having an open interest of 51,910 lots.
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