Mustard seed prices were higher by Rs 14 to Rs 3,993 per quintal in futures trade today after traders accumulated fresh positions amid a firm trend at the physical markets.
At the National Commodity and Derivatives Exchange, mustard seed for delivery in April increased by Rs 14 or 0.35 per cent to Rs 3,993 per quintal, with an open interest of 42,090 lots.
The most-traded delivery in May too enhanced by Rs 12 or 0.30 per cent to Rs 4,034 per quintal, with the business turnover of 74,100 open lots.
Marketmen said the rise in mustardseed prices was mostly attributed to raising of bets by participants amid a firm trend at the spot markets on increased demand from consumers.