 "Mustardseed up 1.6% on strong demand")
Tracking a firming trend at the physical market on rising demand, mustardseed prices spurted Rs 64 to Rs 4,169 per quintal in futures trade today as speculators created positions.
At the National Commodity and Derivatives Exchange, mustardseed for delivery in June contracts rose Rs 64, or 1.56 per cent, to Rs 4,169 per quintal, with an open interest of 17,250 lots.
Also, most-active July month contracts were trading higher by Rs 60, or 1.45 per cent, to Rs 4,193 per quintal, in an open interest of 77,380 lots.
Marketmen said a firming trend at the spot market on strong demand from oil mills and vanaspati units against tight supplies from growing regions led to the rise in mustardseed prices.
At the National Commodity and Derivatives Exchange, mustardseed for delivery in June contracts rose Rs 64, or 1.56 per cent, to Rs 4,169 per quintal, with an open interest of 17,250 lots.
Also, most-active July month contracts were trading higher by Rs 60, or 1.45 per cent, to Rs 4,193 per quintal, in an open interest of 77,380 lots.
Marketmen said a firming trend at the spot market on strong demand from oil mills and vanaspati units against tight supplies from growing regions led to the rise in mustardseed prices.