Mustard seed futures slip on selling pressure
Mustard seed prices met with resistance on higher levels and lost Rs 38 per quintal in the futures trading amid weak spot markets sentiment.
By PTI | Updated:
NEW DELHI: Mustard seed prices met with resistance on higher levels and lost Rs 38 per quintal in the futures trading today amid weak spot markets sentiment.
Marketmen said higher arrivals and profit booking at existing higher levels mainly put pressure on prices.
At the National Commodity and Derivatives Exchange, mustard seed for far July contract plummeted by Rs 38, or 1.09 per cent, to Rs 3,450 per quintal, witnessing an open interest of 3,910 lots.
Most active April contract also fell by Rs 14, or 0.42 per cent, to Rs 3,314 per quintal, depicting an open interest of 58,580 lots.
Marketmen said higher arrivals and profit booking at existing higher levels mainly put pressure on prices.
At the National Commodity and Derivatives Exchange, mustard seed for far July contract plummeted by Rs 38, or 1.09 per cent, to Rs 3,450 per quintal, witnessing an open interest of 3,910 lots.
Most active April contract also fell by Rs 14, or 0.42 per cent, to Rs 3,314 per quintal, depicting an open interest of 58,580 lots.
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