Mustardseed prices were higher by Rs 28 to Rs 3,629 per quintal in future trading today as traders were raising their bets in line with firm physical markets. According to market players, the rise here in the future market mainly attributed by the heavy buying by oil mills amid restricted arrivals in spot markets. At the National Commodity and Derivative Exchange platform, mustardseed delivery for the most active second contract July month gained by Rs 28 or 0.78 per cent to Rs 3,629 per quintal, depicting an open interest of 75,980 lots. The delivery for the first contract June month also advanced by Rs 24 or 0.67 per cent to Rs 3,590 per quintal, clocking an open interest of 11,120 lots.
Mustardseed futures increase on spot demand
Press Trust of India |