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

Mustardseed futures up as speculators create position

Image
Press Trust of India New Delhi
Last Updated : Aug 01 2016 | 2:48 PM IST
Mustardseed prices were higher by Rs 18 to Rs 4,893 per quintal in futures trading today after participants built up positions, tracking a firm trend at the physical markets.
At the National Commodity and Derivative Exchange, mustardseed for delivery in contract September month contracts was trading higher by Rs 18 or 0.33 per cent to Rs 4,893 per quintal, in an open interest of 49,800 lots.
On similar lines, the most-active delivery in August month moved up by Rs 16 or 0.33 per cent to Rs 4,822 per quintal, with an open interest of 75,330 lots.
Marketmen attributed the rise in mustardseed prices at futures trade to a firm trend at the domestic spot markets on a pick up in demand amid fall in supplies from growing regions.

Also Read

First Published: Aug 01 2016 | 2:48 PM IST

Next Story