NEW DELHI, Apr 24: Mustard seed prices turned weak by Rs 27 to Rs 3,906 per quintal in futures trade today as traders preferred to book profits at prevailing levels in sync with heavy stocks and thin demand at the spot markets.
According to market expert, besides profit-booking by the operators, bloated stocks on persistent supplies from producing areas amid thin offtake by the oil mills in spot markets also weighed on mustard seed futures prices.
At the National Commodity and Derivatives Exchange counter, mustard seed delivery for June softened by Rs 27 or 0.69 per cent to Rs 3,906 per quintal, revealing an open interest of 37,730 lots.
In a similar manner, the delivery of the most traded first contract May month came down by Rs 26 or 0.67 per cent to Rs 3,867 per quintal, in an open interest of 1,16,020 lots. (PTI)
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