Mustard seed prices moved down by Rs 29 to Rs 3,712 per quintal in futures trade today as traders reduced their holdings coupled with a weak trend at the physical markets.
At the National Commodity and Derivatives Exchange, mustard seed for delivery in May slided by Rs 29, or 0.78 per cent, to Rs 3,712 per quintal, clocking an open interest of 53,570 lots.
Also, mustard seed for delivery in June was down by Rs 28, or 0.74 per cent, to Rs 3,758 per quintal, in an open interest of 40,290 lots.
Marketmen said offloading of positions by participants following a weak trend at the spot markets due to fading demand from consuming industries, led to the fall in mustard seed prices at futures trade.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)