Mustard seed futures drop on weak demand

New Delhi, Mar 26 (PTI) Mustard seed prices on Thursday dropped by Rs 33 to Rs 4,129 per quintal in futures trade as participants reduced their holdings on sluggish demand.

On the National Commodity and Derivatives Exchange, mustard seed contracts for April delivery fell by Rs 33, or 0.79 per cent, to Rs 4,129 per quintal in a business turnover of 16,270 lots.

Mustard seed contracts for delivery in May declined by Rs 25, or 0.62 per cent, to Rs 4,026 per quintal in a business turnover of 16,200 lots.

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