Mustard seed prices edged further higher by Rs 5 to Rs 3,714 per quintal in futures trading today as speculators indulged in raising their bets on the back of strong sentiment at the spot markets.
Marketmen said widening of positions by players, tracking a firm trend at the spot markets on increased offtake by oil mills mainly kept mustardseed prices higher.
At the National Commodity and Derivative Exchange, mustard seed for most-active delivery in September contracts moved up further by Rs 5 or 0.13 per cent to Rs 3,714 per quintal, with an open interest of 48,690 lots.
Mustard seed for delivery in current month contracts also marked higher by Rs 4 or 0.11 per cent to Rs 3,679 per quintal, with an open interest of 24,070 lots.
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