Mustard seed prices drop by INR 5 in futures trading

Mustard seed prices fell by Rs 5 to Rs 3,986 per quintal in futures trading Friday after participants offloaded their positions to book profits.

Marketmen said trimming of positions by traders to log in gains at current levels, mainly dragged down mustard seed prices in futures trade here.

At the National Commodity and Derivative Exchange, mustard seed for delivery December receded by Rs 5 or 0.13 per cent to Rs 3,986 per quintal, in an open interest of 5,610 lots.

Mustard seed for delivery in January 2019 also eased by Rs 9 or 0.22 per cent to Rs 4,027 per quintal, with an open interest of 60,700 lots.

(With inputs from agencies.)