Rise in demand lifts mustard seed futures

Mustard seed prices on Wednesday rose Rs 4 to Rs 4,290 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 in spot market mainly lifted mustard seed prices here.

On the National Commodity and Derivatives Exchange, mustard seed for delivery in November rose Rs 4, or 0.09 per cent, to Rs 4,290 per quintal in an open interest of 990 lots.

Similarly, the delivery for December gained Rs 20, or 0.47 per cent, to Rs 4,292 per quintal with an open interest of 34,260.