Mustard seed futures up on physical demand

Mustard seeds posted a gain of Rs 12 to Rs 3,818 per quintal in its prices in futures trade today as traders created positions in line with a firming trend at the physical markets.

Marketmen said expansion of positions by speculators, taking positive cues from the spot markets where prices rose on the back of festive season demand, mainly helped mustard seed prices to rise in futures trade.

At the National Commodity and Derivative Exchange, mustard seed for delivery in most-active September contracts gained Rs 12 or 0.32 per cent to Rs 3,818 per quintal, clocking an open interest of 57,250 lots.

Similarly, the delivery for the October contract went up by Rs 9 or 0.23 per cent to Rs 3,865 per quintal, with an open interest of 16,160 lots.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)