Mustard seed prices soared by Rs 7.80 to Rs 574 per 20 kg in future trading today, on frantic buying by traders in line with firm spot markets sentiment.
Analysts said low arrivals from producing regions followed by strong demand from oil mills and vanaspati ghee making industries, pushed up mustard seed future prices.
At the National Commodity and Derivaties Exchange, mustard seed prices for far November month contract shot up further by Rs 7,80, or 1.38 per cent to Rs 574 per 20 kg, with an open interest of 360 lots.
Current August month contract, too, rose by Rs 5.95 or 1.08 per cent to Rs 558.40 per 20 kg, having an open interest of 1,38,900 lots.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app