Mustard seed futures advance on positive spot cues

Mustard seed prices looked up by Rs 14 to Rs 3,835 per quintal in futures trading today as participants widened their exposure, triggered by strong demand at the spot markets.
Marketmen said the rise in mustard seed prices in futures trade was mostly attributed to raising of bets by participants tracking firm trend at the sot markets on brisk demand from oil mills in view of festive season amid tight arrivals from growing belts.
At the National Commodity and Derivative Exchange, mustard seed for most-traded delivery in September contracts hardened by Rs 14 or 0.37 per cent to Rs 3,835 per quintal, in an open interest of 58,140 lots.

In a similar way, the delivery for October contract improved by Rs 14 or 0.36 per cent to Rs 3,883 per quintal, showing an open interest of 15,230 lots.