Mustard seed futures rise on robust demand

Mustard seed prices on Tuesday rose by Rs 48 to Rs 3,884 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 48, or 1.25 per cent, to Rs 3,884 per quintal with an open interest of 16,490 lots.

Similarly, the delivery for May went up by Rs 47, or 1.23 per cent, to Rs 3,880 per quintal with an open interest of 11,960 lots. PTI