Mustard-seed futures prices rose by Rs 65 to Rs 3,126 per quintal today, following increased buying, driven by a firm spot market sentiment.
Traders said restricted supply and rising demand in physical markets, mainly led to the rise in mustard seed futures prices.
Rising prices of other edible oils, too, aided the trading sentiment in mustard-seed to some extent, they said.
At the National Commodity and Derivatives Exchange, the oil for April contract shot up by Rs 65, or 2.12%, to Rs 3,126 per quintal, with an open interest of 29,110 lots.
Prices for January contract rose by Rs 34, or 1.07%, to Rs 3,215 per quintal, depicting an open interest of 78,210 lots, while December contract prices gained Rs 33, or 1.05%, to Rs 3,168 per quintal, with a trade volume of 69,860 lots.
