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Mustard seed futures fall on tepid demand

Mar 6, 2020, 13:29 IST

PTI

New Delhi, Mar 6 () Mustard seed prices on Friday dropped Rs 16 to Rs 4,055 per quintal in futures trade as participants reduced their holdings on sluggish demand.

On the National Commodity and Derivatives Exchange, mustard seed contracts for April delivery fell by Rs 16, or 0.39 per cent, to Rs 4,055 per quintal in a business turnover of 16,120 lots.

Mustard seed contracts for delivery in May declined by Rs 19, or 0.47 per cent, to Rs 4,068 per quintal in a business turnover of 5,620 lots.

Marketmen said offloading of positions by participants following a weak trend in spot market mainly led to fall in mustard seed prices. VHP RUJRUJ

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