Mustard seed futures improve on spot demand

Mustard seed prices were up by Rs 23 to Rs 4,186 per quintal in futures trading today as traders preferred to elaborate holdings on the back of upbeat physical market sentiment.
Marketmen said robust trend at spot markets on tight stock position amid high demand for oil mills, mainly pushed up the mustard seed futures prices.
At the National Commodity and Derivatives Exchange, mustard seed delivery for May was up by Rs 23 or 0.55 per cent to Rs 4,186 per quintal, having an open interest of 7,050 lots.
The delivery for the most active April month also advanced by Rs 21 or 0.51 per cent to Rs 4,144 per quintal, revealing an open interest of 30,380 lots.