Mustard seed futures inch up 0.10 pc

Mustard seed prices moved up 0.10 per cent to Rs 3,838 per quintal in futures trade today as traders built up fresh positions, tracking upbeat physical cues.

Market players attributed the uptick in mustard seed futures prices to firm demand from oil mills amid halt in supplies from growing belts in the spot markets.

At the National Commodity and Derivatives Exchange, mustard seed delivery for the current May contract increased by Rs 4 or 0.10 per cent to Rs 3,838 per quintal, with an open interest of 57,400 lots.

In similar manner, the most traded June contract edged up by Rs 3 or 0.08 per cent to Rs 3,882 per quintal, while open interest stood at 85,670 lots.