Mustard seed futures up on spot demand

Mustard seed prices rose 0.23 percent to Rs 3,939 per quintal in futures trade Friday after participants widened their holdings, tracking a firm trend at the spot market. Marketmen said strong demand from oil millers mainly pushed up the prices.

On the National Commodity and Derivatives Exchange, mustard seed contracts for May rose by Rs 9, or 0.23 per cent, to Rs 3,939 per quintal with an open interest of 9,990 lots. Mustard seed for June delivery also advanced by Rs 3, or 0.08 per cent, to Rs 3,938 per quintal in 1,05,630 lots.