Mustard seed prices reclaimed Rs 20 to Rs 4,163 per quintal in futures trade today as investors revived bets enthused by robust trend the physical market.
Market players stated the recovery in mustard seed futures prices to building up of fresh positions by investors, guided by upbeat sentiment in spot markets.
Heavy demand for oil mills at existing levels and a significant drop in supplies from producing belts kept prices higher, they quoted.
At the National Commodity and Derivatives Exchange, mustard seed delivery for April contracts rose by Rs 20, or 0.48 per cent, to Rs 4,163 per quintal with an open interest of 40,990 lots.
Mustard seed for delivery in May contracts also increased by Rs 14, or 0.33 per cent, to Rs 4,200 per quintal with a business turnover of 20,520 open lots.
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