Mustard seed futures rise on firm physical demand

Mustard seed prices traded higher by Rs 17 to Rs 3,905 per quintal in futures trade today after widening of portfolios by operators amid robust physical

demand.

Market players said thin supplies of mustard seed from

growing belts, triggered by robust demand for oil mills in spot

markets impacted mustard seed futures prices.

At the National Commodity and Derivatives Exchange, mustard seed delivery for May contracts edged higher by Rs 17, or 0.44 per cent, to Rs 3,905 per quintal with an open interest of 1,23,250 lots.

While, the delivery of June contracts moved higher by Rs 15, or 0.38 per cent, to Rs 3,945 per quintal with an open interest of 22,380 lots.