Mustard seed prices recovered by Rs 7 to Rs 3,965 per quintal in futures trade today after participants created fresh positions at prevailing levels, tracking a firm trend at the physical markets.
Marketmen said building up fresh positions following a positive trend at the spot markets on rising demand from oil mills amid a pause in supplies, mainly influenced mustard seed prices at futures market.
At the National Commodity and Derivatives Exchange, mustard seed for July contracts increased by Rs 7 or 0.18 per cent to Rs 3,965 per quintal, having an open interest of 80,980 lots.
Also, the contracts for this month gained Rs 6 or 0.15 per cent to Rs 3,921 per quintal, depicting an open interest of 83,120 lots.
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