Mustard seed prices rose 1.1 per cent to Rs 3,937 per quintal in futures trade Monday on accumulation of positions by traders amid higher physical sentiments.
Marketmen attributed the uptick in mustard seed prices to pick-up in demand from oil mills amid tight arrivals from producing belts in physical markets.
On the National Commodity and Derivatives Exchange, mustard seed contracts for July delivery rose by Rs 43, or 1.1 per cent, to Rs 3,937 per quintal with an open interest of 4,150 lots.
Mustard seed contracts for August delivery also rose by Rs 15, or 0.38 per cent, to Rs 3,952 per quintal in 79,460 lots.
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