Mustard seed futures gain on domestic cues

Mustard seed prices on Wednesday rose by Rs 23 to Rs 3,999 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 23, or 0.58 per cent, to Rs 3,999 per quintal with an open interest of 17,570 lots.

Similarly, the delivery for May gained Rs 23, or 0.57 per cent, to Rs 4,024 per quintal with an open interest of 5,080 lots. PTI