Mustard seed prices went up by Rs 13 to Rs 3,808 per quintal in futures trade today after speculators created fresh positions, taking positive cues from the spot markets.
Marketmen said building up of fresh positions by participants in line with a firm trend at the physical markets on increased buying by oil mills amid fall in supplies from growing areas, led to the rise in in mustard seed futures prices.
At the National Commodity and Derivatives Exchange, mustard seed for delivery in June hardened by Rs 13 or 0.34 per cent to Rs 3,808 per quintal, showing an open interest of 66,940 lots.
In a similar way, the contract for delivery in current month moved up by Rs 11 or 0.29 per cent to Rs 3,768 per quintal, having an open interest of 91,550 lots.
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