Mustard seed futures up amid tight supplies

Mustard seed prices rose by Rs 39 at Rs 4,154 per quintal in futures trade on Wednesday due to raising of bets by participants amid tight supplies.

Demand from oil mills in spot market mainly lifted mustard seed prices in futures trade, analysts said.

On the National Commodity and Derivatives Exchange, mustard seed delivery for October rose by Rs 39, or 0.95 per cent, at Rs 4,154 per quintal in 4,390 lots.

The delivery for November gained Rs 34, or 0.82 per cent, at Rs 4,165 per quintal with an open interest of 44,990 lots