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Mustardseed prices strengthened by Rs 45 to Rs 3,713 per quintal in futures trade today following traders buying in line with firm physical cue.
Marketmen said the rise in mustardseed prices mainly attributed to rise in spot demand from vanaspati ghee making units due to festive seasons.
At the National Commodity and Derivatives Exchange, mustardseed for far January contract shot up by Rs.45, or 1.23% to Rs.3,713 per quintal, with an open interest of 2,340 lots.
Most active near November contract advanced by Rs.32, or 0.89% to Rs.3,635 per quintal, having an open interest of 36,960 lots.
Current October contract rose by Rs 29, or 0.82% to Rs 3,568 per quintal in 16,130 lots.
