Mustardseed futures soften on profit-booking

NEW DELHI, Oct 6:  Mustardseed futures traded Rs 67 lower at Rs 4,663 per quintal today after participants booked profits at existing levels.
Besides, rising supplies in physical market too weighed on prices, they quoted.
At the National Commodity and Derivatives Exchange, mustardseed for October month delivery contract slipped by Rs 67, or 1.42 per cent to Rs 4,663 per quintal, with an open interest of 46,140 lots.
On similar lines, the commodity for delivery in November month lost Rs 44, or 0.91 per cent to Rs 4,794 per quintal, in an open interest of 48,720 lots.
Market analysts said fall in mustardseed futures was largley due to profit-booking by participants and rising supplies in the spot market. (PTI)


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