Mustard seed futures gain on positive demand

Mustard seed prices on Friday rose by Rs 14 to Rs 3,870 per quintal in futures trade as participants widened their bets amid firm spot demand.

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 April rose by Rs 14, or 0.36 per cent, to Rs 3,870 per quintal with an open interest of 16,420 lots.

Similarly, the delivery for May went up by Rs 16, or 0.41 per cent, to Rs 3,873 per quintal with an open interest of 10,270 lots. PTI