Mustard seed prices rolled down by Rs 27 to Rs 3,925 per quintal in futures trade today on trimming of bets in tune with a weak trend at the physical markets owing to muted demand.
The fall in mustard prices at futures trade was mostly attributed to cutting down of bets by participants, tracking a weak trend at the spot markets due to low demand against constant supplies from growing belts, marketmen said.
At the National Commodity and Derivatives Exchange, mustard seed for delivery in April moved down by Rs 27, or 0.68 per cent, to Rs 3,925 per quintal, with the business turnover of 32,780 open lots.
Similarly, the contract for May delivery dropped by Rs 24, or 0.60 per cent, to Rs 3,970 per quintal, where open interest stood at 96,050 lots.
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