Mustard seed prices on Thursday dropped by Re 1 to Rs 4,210 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 February delivery fell by Re 1, or 0.02 per cent, to Rs 4,210 per quintal in a business turnover of 12,550 lots.
Marketmen said offloading of positions by participants following a weak trend in spot market mainly led to fall in mustard seed prices.
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