Mustard seed prices were trading up 0.23 per cent to Rs 3,907 per quintal in futures trade Wednesday as speculators raised their bets tracking positive demand at the spot market.
Marketmen attributed the rise in mustard seed futures to pick-up in demand from oil mills amid tight arrivals from producing belts at the spot market.
On the National Commodity and Derivatives Exchange, mustard seed for June contracts rose by Rs 9, or 0.23 per cent, to Rs 3,907 per quintal with an open interest of 46,790 lots.
Mustard seed for July contracts, too, remained up by Rs 6, or 0.15 per cent, to Rs 3,946 per quintal in 11,560 lots.
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