Mustard seed prices on Tuesday dropped by Rs 3 to Rs 4,718 per quintal in futures trade as speculators cut down their positions on subdued demand.
On the National Commodity and Derivatives Exchange, mustard seed contracts for January delivery fell by Rs 3, or 0.06 per cent, to Rs 4,718 per quintal in a business turnover of 18,050 lots.
Mustard seed contracts for February delivery declined by Rs 8, or 0.17 per cent, to Rs 4,729 per quintal in a business turnover of 6,460 lots.
Marketmen said offloading of positions by participants following a weak trend in spot market led to fall in mustard seed prices.
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