Mustard seed goes up in futures trade on firm cues

Mustard seed prices bounced by Rs 10 to Rs 3,907 per quintal as traders preferred to reassemble positions at prevailing levels, backed by a firm trend in the physical market.
According to marketmen, fresh positions created by participants, tracking a firm trend at the spot market on pick-up in demand from oil mills amid tight supplies from growing belts, supported the recovery in mustard seed prices here.
At the National Commodity and Derivative Exchange, mustard seed for the most-traded delivery in November contracts traded higher by Rs 10, or 0.26 per cent, to Rs 3,907 per quintal, with a business turnover of 30,250 open lots.

Likewise, the delivery for December contracts gained Rs 9, or 0.23 per cent, to Rs 3,939 per quintal and open interest stood at 26,150 lots.