mandi bhav of india

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Mustard seed futures advance on limited supplies

Mustard seed prices rose by Rs 4 to Rs 4,055 per quintal in futures trade on Friday as speculators raised their bets amid limited supplies.

Marketmen said apart from restricted arrivals from growing belts, demand from oil mills at the spot market mainly lifted mustard seed prices in futures trade.

At the National Commodity and Derivative Exchange, mustard seed for delivery in October rose by Rs 4, or 0.10 per cent, to Rs 4,055 per quintal in an open interest of 8,400 lots.

Similarly, the delivery for November gained by Rs 2, or 0.05 per cent, to Rs 4,109 per quintal with an open interest of 43,330 lots