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Spot demand lifts mustardseed in futures trade on spot demand

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Press Trust of India New Delhi
Last Updated : Oct 13 2015 | 1:57 PM IST
Mustardseed prices rebounded by Rs 88 to Rs 4,872 per quintal in futures trade today as speculators indulged in raising bets, triggered by a firming trend at spot markets.
At the National Commodity and Derivatives Exchange, mustardseed for delivery in October climbed Rs 88, or 1.84 per cent, to Rs 4,872 per quintal, having an open interest of 9,540 lots.
Also, the commodity for delivery in November dipped Rs 77, or 1.57 per cent, to Rs 4,994 per quintal, in an open interest of 67,820 lots.
Marketmen said strong demand of oil mills driven by ongoing festive season along with thin supplies from growing belts in spot markets, mainly brought the surge in prices.

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First Published: Oct 13 2015 | 1:57 PM IST

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