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Mustard seed futures advance on strong physical sentiment

Press Trust of India  |  New Delhi 

seed prices traded higher by Rs 24 to Rs 3,900 per in futures trade today after raising of holdings by participants buoyed up physical market cues.

Market players said, optimistic buying by traders in view of rising prices at spot markets due to strong demand for amid tight supplies from growing belts, largely pushed up seed futures prices.

At the National Commodity and Derivatives Exchange platform, seed delivery for May rose by Rs 24 or 0.62 per cent to Rs 3,900 per quintal, having a business turnover of 5,860 lots.

In a similar fashion, the delivery for June marked ahead by Rs 16 or 0.41 per cent to Rs 3,935 per quintal, revealing an open interest of 1,17,640 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 12:35 IST