Mustard seed prices rose by Rs 10 to Rs 4,169 per quintal in futures trade today on the accumulation of bets in sync with encouraging physical markets leads.
Marketmen said investors were raising their holdings on the back of rising demand for oil mills along with reduced supplies from producing belts in the spot markets, which led to the uptick in mustard seed futures prices.
At the National Commodity and Derivatives Exchange platform, mustard seed delivery for the September contract rose by Rs 10, or 0.24 per cent, to Rs 4,169 per quintal clocking an open interest of 84,000 lots.
Similarly, the delivery of the immediate contract August inched up by Rs 7, or 0.17 per cent, to Rs 4,125 per quintal with an open interest of 81,610 lots.
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