Mustardseed prices recovered by Rs 31 to Rs 4,774 per quintal in futures trading today after speculators covered-up their short positions amid revival of buying at lower levels at the physical markets.
At the National Commodity and Derivatives Exchange, mustardseed for delivery this month was trading higher by Rs 31, or 0.65 per cent, to Rs 4,774 per quintal, with an open interest of 22,830 lots.
Likewise, the most-active delivery in January rebounded by Rs 20 or 0.42 per cent to Rs 4,740 per quintal, in an open interest of 41,720 lots.
Traders said, apart from covering-up of short positions by participants, revival of buying at prevailing levels at the physical markets, mainly led to the rise in mustardseed prices at futures trade.
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