Mustard seed futures remain up on strong spot demand

Mustard seed prices rose by another Rs 20 to Rs 3,715 per quintal in futures trading today as participants enlarged positions, driven by a firming trend at the domestic spot markets on robust demand.
At the National Commodity and Derivative Exchange, mustard seed for delivery this month contracts was trading higher by Rs 20 or 0.54 per cent to Rs 3,715 per quintal, with an open interest of 17,220 lots.
Likewise, mustard seed to be delivered in November was up by Rs 18 or 0.47 per cent to Rs 3,812 per quintal, in an open interest of 36,690 lots.
Marketmen said apart from tight stocks in the market following pause in supplies from growing regions, festive season demand bolstered trading sentiments at futures trade here.