Mustard seed futures slide on muted demand

Mustard seed prices on Friday dropped by Rs 6 to Rs 4,301 per quintal in futures trade as speculators cut down their positions on subdued demand.

On the National Commodity and Derivatives Exchange, mustard seed contracts for February delivery fell by Rs 6, or 0.14 per cent, to Rs 4,301 per quintal in a business turnover of 12,540 lots.

Mustard seed contracts for April delivery declined by Rs 20, or 0.46 per cent, to Rs 4,300 per quintal in a business turnover of 11,030 lots.

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