Mustard seed prices spurted by Rs 41 to Rs 4,220 per quintal in futures trade today on widening of positions by speculators, supported by a firm trend at the spot markets
At the National Commodity and Derivative Exchange, mustard seed for delivery in far-month May was trading higher by Rs 41 or 0.98 per cent to Rs 4,220 per quintal, depicting an open interest of 7,600 lots.
Likewise, the delivery of the most traded April rose by Rs 34 or 0.82 percent to Rs 4,169 per quintal, having an open interest of 34,000 lots.
Marketmen said besides restricted arrivals against pick up in demand for oil mills in spot markets mainly influenced mustard seed prices at futures trade here.
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