Mustard seed futures up on spot demand

New Delhi, Feb 25 () Mustard seed prices on Tuesday rose by Rs 11 to Rs 4,038 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 in the spot market mainly lifted mustard seed prices here.

On the National Commodity and Derivatives Exchange, mustard seed for delivery in April rose by Rs 11, or 0.27 per cent, to Rs 4,038 per quintal with an open interest of 16,870 lots.

Similarly, the delivery for May gained Rs 19, or 0.47 per cent, to Rs 4,066 per quintal with an open interest of 4,390 lots. VHP SHWSHW