Rising demand lifts mustard seed futures

Mustard seed prices on Thursday rose by Rs 2 to Rs 4,616 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 January rose by Rs 2, or 0.04 per cent, to Rs 4,616 per quintal with an open interest of 22,250 lots.

Similarly, the delivery for February gained Rs 9, or 0.20 per cent, to Rs 4,571 per quintal with an open interest of 2,980 lots.