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Mustard seed futures strengthen on firm demand

Press Trust of India  |  New Delhi 

Mustard seed prices on Tuesday rose Rs 21 to Rs 4,270 per quintal in futures trade as speculators raised their bets amid limited supplies.

Marketmen said apart from restricted arrivals from growing belts, demand from oil mills at spot market mainly lifted mustard seed prices here.

On the National Commodity and Derivatives Exchange, mustard seed for delivery in November rose Rs 21, or 0.49 per cent, to Rs 4,270 per quintal in an open interest of 31,480 lots.

Similarly, the delivery for December gained Rs 9, or 0.21 per cent, to Rs 4,257 per quintal with an open interest of 21,730.

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

First Published: Tue, November 19 2019. 13:40 IST