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Mustardseed futures recover on low levels buying

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Press Trust of India New Delhi
Last Updated : Mar 22 2017 | 11:57 AM IST
Mustard seed prices restored by Rs 16 to Rs 3,965 per quintal in futures trading today following optimistic buying by traders at existing levels, guided by firm physical markets.
Market players said, besides low levels buying by speculators, rise in its prices at spot markets due to robust demand and thin supplies also helped to pushed up the trading sentiments here in futures trading.
At the National Commodity and Derivatives Exchange platform, mustard seed delivery for May regained by Rs 16, or 0.41 per cent, to Rs 3,965 per quintal, clocking an open interest of 27,030 lots.
Most traded, April delivery also reclaimed Rs 13, or 0.33 per cent, to Rs 3,913 per quintal, with the business turnover of 39,700 open lots.

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First Published: Mar 22 2017 | 11:57 AM IST

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