Mustardseed prices rose by Rs 2.50, or 0.48 per cent, to Rs 524.15 per 20 kg in futures trade today, as traders built up their short positions, triggered by strong demand in the spot market.
Restricted supplies from the growing regions in the spot market also led to a rise in mustardseed futures prices.
At the National Commodity and Derivatives Exchange platform, mustardseed prices for July contract rose by Rs 2.50, or 0.48 per cent, to Rs 524.15 per 20 kg, with an open interest of 1,09,730 lots.
Near-month, August contract also moved up by Rs 2.30, or 0.44 per cent, to Rs 530.30 per 20 kg, with an open interest of 61,790 lots.
Market analysts said increased demand from millers in the spot market amid lower supplies influenced the mustardseed prices in futures trade here.
