Mustard seed prices recovered by 0.63 per cent to Rs 4,000 per quintal in futures trade today as speculators built up fresh positions.
At the National Commodity and Derivative Exchange, mustard seed delivery for April went up by Rs 25, or 0.63 per cent to Rs 4,000 per quintal with an open interest of 45,230 lots.
Likewise, the delivery of May contracts delivery traded higher by Rs 23, or 0.57 per cent to Rs 4,048 per quintal in 49,720 lots.
Market analysts attributed the rise in mustard seed futures to fresh positions created by traders amid restricted arrivals from producing belts.
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