Mustard seed prices spurted by Rs 40 to Rs 4,031 per quintal in futures trade today after participants widened their positions in line with a firming trend at the physical markets.
Marketmen said the rise in mustard seed prices at futures market was mostly due to a firm trend at the spot markets on the back of strong demand from oil mills amid pause in supplies from growing belts at the spot markets.
At the National Commodity and Derivatives Exchange, mustard seed for delivery in June advanced by Rs 40 or 1.00 per cent to Rs 4,031 per quintal, in an open interest of 61,810 lots.
Mustard seed for the most-traded delivery in July advanced by Rs 37 or 0.92 per cent to Rs 4,075 per quintal, with a business turnover of 1,07,120 open lots.
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