Mustard seed futures prices strengthened by Rs 28 to Rs 3,082 per quintal today, driven by a pick-up in demand in the physical market amid low stock availability.
Market analysts said increased demand from the vanaspati and oilmill industries, coupled with restricted supply in the spot market, boosted the trading sentiment in mustard seed futures.
At the National Commodity and Derivatives Exchange, December contract rose by Rs 28, or 0.92%, to Rs 3,082 per quintal, with an open interest of 550 lots.
September contract also moved up by Rs 18, or 0.61%, to Rs 2,945 per quintal, with an open interest for 1,30,880 lots.