Mustardseed futures slide by Rs 46 per quintal

NEW DELHI: Mustardseed prices were down by Rs 46 to Rs 4,108 per quintal in futures trading today as participants were cutting down their holdings in tandem with a weak trend at the spot markets.

At the National Commodity and Derivative Exchange, mustardseed for delivery in far-month June contracts dropped by Rs 46, 1.11 per cent to Rs 4,108 per quintal, having an open interest of 2,230 lots.Rs 46, 1.11 per cent to Rs 4,108 per quintal, having an open interest of 2,230 lots.

Likewise, most-active delivery in April dipped by Rs 12, or 0.30 per cent to Rs 3,999 per quintal, in an open interest of 45,250 lots.

Marketmen said a weak trend at the physical markets on persistent supplies from growing regions against muted demand, kept pressure on mustardseed futures here.