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Mustard seed futures gain amid limited supplies

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Press Trust of India New Delhi

Mustard seed prices on Thursday rose by Rs 8 to Rs 4,292 per quintal in futures trade as speculators raised their bets amid limited supplies.

Marketmen said apart from restricted arrivals from growing belts, demand from oil mills at spot market mainly lifted mustard seed prices here.

On the National Commodity and Derivatives Exchange, mustard seed for delivery in December rose Rs 8, or 0.19 per cent, to Rs 4,292 per quintal with an open interest of 34,570 lots.

Similarly, the delivery for January gained Rs 7, or 0.16 per cent, to Rs 4,288 per quintal with an open interest of 3,660 lots.

 

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First Published: Nov 21 2019 | 1:51 PM IST

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