Mustard seed prices rose by Rs 45 to Rs 4,187 per quintal in futures trade today on widening of positions by traders, taking positive cues from the physical markets.
The rise in mustard seed prices at futures market was mostly attributed to raising of holdings by participants, tracking a firm' trend at the spot markets on increased enquiries from oil mills against thin supplies, analysts said.
At the National Commodity and Derivatives Exchange counter, mustard seed for delivery in August strengthened by Rs 45 or 1.09 per cent to Rs 4,187 per quintal with the business turnover of 1,30,810 open lots.
Mustard seed for delivery in September contract marked higher by Rs 38 or 0.91 per cent to Rs 4,224 per quintal depicting an open interest of 20,480 lots.
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