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Mustardseed prices declined by Rs 43 to Rs 3,708 per quintal in futures trade today on the back of lower physical market sentiments.
Marketmen said increased selling by traders were guided by weak spot market sentiments where prices remained under pressure due to increased supply amid slackness in demand from oil mills and other vanaspati units.
At the National Commodity and Derivatives Exchange platform, mustardseed prices for November delivery dipped by Rs 43, or 1.15 per cent, to Rs 3,708 per quintal, with an open interest of 200 lots.
The July contract moved down by Rs 19, or 0.54 per cent, to Rs 3,480 per quintal, with an open interest of 31,320 lots.
Prices for August declined by similar margins of Rs 19, or 0.53 per cent, to Rs 3,534 per quintal, clocking an open interest of 93,670 lots.
