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Mustard seed futures move up on spot cues

Press Trust of India  |  New Delhi 

Mustard seed prices traded higher by Rs 23 to Rs 4,082 per in futures trade today as investors created fresh bets, propped by positive physical market cues.

Marketmen said participants increased bets in line with rising prices in the spot markets due to fall in arrivals and gearing up in demand for oil mills, attributing to the upmove in mustard seed futures prices.

At the National Commodity and Derivatives Exchange, mustard seed delivery for August contract went up by Rs 23, or 0.57 per cent, to Rs 4,082 per with an open interest of 34,480 lots.

The delivery of September contract also rose by Rs 18, or 0.44 per cent, to Rs 4,122 per quintal, clocking an open interest of 1,21,820 lots.

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

First Published: Fri, August 10 2018. 12:45 IST