Mustardseed prices strengthened by Rs 33 to Rs 4,470 per quintal in futures trading today as participants indulged in creating fresh positions, tracking a firm trend at the physical markets on rising demand.
Marketmen attributed rise in mustardseed prices at futures market to building up of fresh positions by participants, taking support from a firm trend at the spot markets on seasonal demand.
At the National Commodity and Derivatives Exchange, mustardseed for delivery in current month improved by Rs 33 or 0.74 per cent to Rs 4,470 per quintal, with an open interest of 3,020 lots.
Also, the most-active delivery in November looked up by Rs 25 or 0.55 per cent to Rs 4,539 per quintal, in an open interest of 53,390 lots.
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