Mustard seed prices drifted lower by Rs 14 to Rs 4,196 per quintal in futures trade today as traders offloaded holdings on subdued physical demand. Marketmen said a weak trend in the spot market due to withdrawal of support by oil mills, amid ample supplies from growing regions in the spot market, weighed on mustard seed futures. At the National Commodity and Derivative Exchange, mustard seed to be delivered in May contracts moved down by Rs 14, or 0.33 per cent, to Rs 4,196 per quintal with an open interest of 7,360 lots. The delivery for the April contracts also eased by Rs 10, or 0.24 per cent, to Rs 4,157 per quintal with an open interest of 28,430 lots.
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