Mustardseed futures down on profit booking, mounting stocks

NEW DELHI: Mustardseed prices fell by 1.33 per cent to Rs 3,565 per quintal in futures trading today owing to profit booking at prevailing higher levels against weak spot markets sentiment.

Marketmen said higher arrivals and reduced offtake by oils mills at existing higher levels in physical markets mainly put pressure on mustardseed prices.

At the National Commodity and Derivatives Exchange, mustardseed for July contract declined by Rs 48, or 1.33 per cent to Rs 3,565 per quintal in an open interest of 6,350 lots.

Most active May contract prices fell by Rs 38, or 1.08 per cent to Rs 3,473 per quintal, depicting an open interest of 88,970 lots.