Mustard seed futures up on positive cues from spot market

Mustard seed prices went up by Rs 34 to Rs 3,757 per quintal in future trade today on expansion of bets by speculators inspired by emerging physical markets.
Marketmen said building up of positions by participants following a strong sentiments at the physical markets on firm demand from stockists and mills, influenced mustardseed prices in futures trade here.
Besides, an upward trend in edible oils supported the upside in mustardseed prices, they added.
At the National Commodity and Derivative Exchange counter, mustard seed for delivery this month contracts improved by Rs 34 or 0.91 per cent to Rs 3,757 per quintal, clocking an open interest of 4,130 lots.

Mustardseed for most-traded October month contracts too advanced by Rs 21 or 0.55 per cent to Rs 3,824 per quintal, with the business turnover of 49,460 open lots.