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Mustard seed futures remain up on positive spot cues

Press Trust of India  |  New Delhi 

Mustard seed prices rose by another Rs 12 to Rs 3,839 per quintal in futures trade today as speculators indulged in expanding bets amid a firm trend at the physical market on strong demand.

At the National Commodity and Derivative Exchange, mustard seed for delivery in most-active April month contracts moved up by Rs 12, or 0.31 per cent, to Rs 3,839 per quintal, with an open interest of 38,260 lots.

Mustard seed for delivery in May month contracts too was trading higher by a similar margin at Rs 3,894 per quintal, in an open interest of 23,4890 lots.

Traders attributed persistent rise in mustard seed prices at futures trade to widening of positions by participants, driven by a firm trend at the domestic spot markets on strong demand.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 16 2017. 12:28 IST