Don’t miss the latest developments in business and finance.

Mustardseed up on brisk spot demand

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:40 AM IST

Mustardseed prices added Rs 43 to Rs 2,883 per quintal in futures trading today tracking firm spot markets sentiment.

Marketmen said restricted supply against rising demand in physical markets on account of "Diwali', mainly influenced trading sentiments here in futures price of mustardseed.

Higher off-take by oil mills and vanaspati ghee making industries ahead of the Diwali helped boost the trading sentiments, they quoted.

At the National Commodity and Derivatives Exchange, November mustardseed climbed Rs 43, or 1.51%, to Rs 2,883 per quintal, with an open interest 30,650 lots.

The October contract jumped up by Rs 36, or 1.30%, to Rs 2,795 per quintal, with an open interest 81,980 lots.

More From This Section

First Published: Oct 12 2011 | 2:13 PM IST

Next Story