Mustardseed prices moved up by Rs 28 to Rs 2,850 per quintal in futures trading today following increased buying in line with a firm spot market cues.
Market analysts said pick-up in demand and restricted supply in physical markets encouraged traders to raise holdings.
Strong demand from oil mills in Kolkata and Bihar also boosted the trading sentiments, they added.
At the National Commodity and Derivatives Exchange, mustardseed for August delivery rose by Rs 28, or 0.99% to Rs 2,850 per quintal, with an open interest of 2,240 lots.
Mustardseed prices for delivery in May went up by Rs 19, or 0.70% to Rs 2,721 per quintal, clocking an open interest of 1,05,550 lots.
Similarly, its prices for delivery in June rose by Rs 18, or 0.65% to Rs 2,768 per quintal, with an open interest of 1,40,920 lots.
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