Mustard seed futures slide on soft demand

New Delhi, Feb 27 () Mustard seed prices on Thursday dropped by Rs 4 to Rs 4,003 per quintal in futures trade as speculators cut down their positions on subdued demand.

On the National Commodity and Derivatives Exchange, mustard seed contracts for April delivery fell by Rs 4, or 0.10 per cent, to Rs 4,003 per quintal in a business turnover of 17,850 lots.

Mustard seed contracts for delivery in May declined by Rs 4, or 0.10 per cent, to Rs 4,027 per quintal in a business turnover of 4,630 lots.

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