Mustard seed futures decline

Mustard seed prices were trading down by Rs 24 to Rs 4,003 per quintal in futures trade today after participants booked profits, triggered by a weak trend at the physical markets.

At the National Commodity and Derivatives Exchange, mustard seed for delivery in May went down by Rs 24, or 0.60 per cent, to Rs 4,003 per quintal, clocking an open interest of 83,080 lots.

Similarly, April delivery fell by Rs 23, or 0.58 per cent, to Rs 3,958 per quintal, having an open interest of 37,070 lots.

Market players said, besides profit-booking by operators, a subdued trend at the spot markets due to fall in demand against increased arrivals from growing belts, led to a fall in mustard seed prices at futures trade.