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Mustardseed rises on strong physical demand

Marketmen said brisk demand from oil mills and vanaspati units against restricted supply mainly pushed up prices

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:54 AM IST

Mustardseed prices looked up by Rs 85 to Rs 4,165 per quintal in future trading today tracking firm spot markets cue.

Marketmen said brisk demand from oil mills and vanaspati units against restricted supply mainly pushed up prices.

At the National Commodity and Derivatives Exchange, the July contract zoomed up by Rs.85, or 2.08%, to Rs 4.165 per quintal, with an open interest of 18,170 lots.

The May contract rose by Rs.79, or 1.98%, to Rs 4,059 per quintal, having an open interest of 1,48,360 lots.

The April contract moved up by Rs 73, or 1.87%, to Rs 3,986 per quintal, clocking an open intrest of 52,360 lots.

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First Published: Apr 13 2012 | 3:18 PM IST

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