Mustardseed prices rose by Rs 64 to Rs 4,012 per quintal in futures trading today on buying by speculators, tracking firm spot markets trend.
Marketmen said restricted supply and pick up in demand at physical markets mainly influenced trading sentiments here in futures price of mustardseed.
Better offtake by oil mills and vanaspati ghee industries also helped boost the trading sentiments, they said, adding that rising price of alternate edible oils in spot markets was another supporting reason for mustard.
At the National Commodity and Derivatives Exchange, mustardseed for August delivery rose by Rs 64, or 1.62%, to Rs 4,012 per quintal, with an open interest 84,940 lots.
The July contract advanced by Rs 46, or 1.18%, to Rs 3,948 per quintal, with an open interest of 92,050 lots.
