Mustardseed down 1.76% on weak trend at spot market

Mustardseed prices were down by Rs 88 to Rs 4,920 per quintal in future trading today after traders trimmed positions, taking weak cues from spot market.

At the National Commodity and Derivatives Exchange, mustardseed for delivery in November contract fell Rs 88, or 1.76 per cent to Rs 4,920 per quintal, with an open interest of 59,300 lots.

Mustardseed for delivery in the current month lost Rs 57, or 1.16 per cent to Rs 4,851 per quintal, having an open interest of 570 lots.

Marketmen said apart from pickup in arrivals from growing regions, slackened demand from oil mills and vanaspati units at higher levels in physical markets mainly led to the fall in mustardseed prices at futures trading.