Mustard seed prices rose Rs 29 to Rs 4,104 per quintal in futures trade today as traders built up fresh positions backed by emerging physical markets.
Market players said, participants were making fresh positions, tracking robust spot markets trend, which described the uptrend in mustard seed futures prices.
In the spot markets, acceleration in demand for oil mills along with pause in supplies from producing areas kept the prices northward.
At the National Commodity and Derivatives Exchange, mustard seed delivery for August improved by Rs 29 or 0.71 per cent to Rs 4,104 per quintal, having an open interest of 76,850 lots.
Similarly, the delivery of the immediate contract July pushed up by Rs 28 or 0.70 per cent to Rs 4,056 per quintal, having a business turnover of 80,530 open lots.
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