Rising demand lifts mustard seed futures

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Rising demand lifts mustard seed futures
New Delhi, Mar 25 () Mustard seed prices on Wednesday rose by Rs 61 to Rs 4,200 per quintal in futures trade as participants widened their bets amid firm spot demand.

On the National Commodity and Derivatives Exchange, mustard seed for delivery in April rose by Rs 61, or 1.47 per cent, to Rs 4,200 per quintal with an open interest of 17,410 lots.

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Similarly, the delivery for May went up by Rs 40, or 0.99 per cent, to Rs 4,075 per quintal with an open interest of 16,230 lots.

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