Comments
Mustardseed prices moved down by Rs 25 to Rs 2,847 per quintal at the futures trading today due to increased selling at higher levels.
At the National Commodity and Derivatives Exchange counter, mustardseed prices for delivery in July went down by Rs 25 or 0.87 per cent to Rs 2,847 per quintal with an open interest of 2,06,670 lots. Similarly, June contract lost Rs 24 or 0.85 per cent to Rs 2,806 per quintal with an open interest of 58,230 lots.
Market analysts said traders preferred to book profits at higher levels amid fresh supply in the spot market. Mounting of stocks and reduced offtake by oil mills in the physical market also influenced the trading sentiment.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.