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Mustard seed futures fall on weak cues

Mar 9, 2020, 14:33 IST

PTI

New Delhi, Mar 9 () Mustard seed prices on Monday dropped by Rs 97 to Rs 3,990 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 97, or 2.37 per cent, to Rs 3,990 per quintal in a business turnover of 16,470 lots.

Mustard seed contracts for delivery in May declined by Rs 109, or 2.66 per cent, to Rs 3,988 per quintal in a business turnover of 6,480 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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