Mustard seed futures up 0.61% on fresh buying

NEW DELHI: Mustard seed prices were up by 0.61 per cent to Rs 3,931 per quintal in future trade today as speculators enlarged positions, supported by rising demand in spot markets.

At the National Commodity and Derivatives Exchange, mustard seed prices for most-active December contracts gained Rs 24, or 0.61 per cent to Rs 3,931 per quintal, in an open interest of 20,980 lots.

Similarly, mustard seed for delivery in January next year advanced by Rs 18, or 0.46 per cent to Rs 3,907 per quintal, with an open interest of 15,770 lots.

Market men said besides rising demand in the physical market, restricted supplies, mainly led to the rise in mustard seed prices in futures trade.