Mustardseed prices moved up by Rs 33 to Rs 2,858 per quintal in futures trading today on fresh buying, tracking firm spot markets sentiment.
Market analysts said restricted supply and pick-up in demand at physical markets, mainly influenced the mustardseed futures prices here.
Better off-take by oil mills and vanaspati ghee making industries, driven by a firming global trend, also pushed the prices up, they added.
At the National Commodity and Derivatives Exchange, mustardseed prices for delivery in July strengthened by Rs 33, or 1.17%, to Rs 2,858 per quintlal, with an open interest 3,790 lots.
Mustardseed prices for delivery in May surged by Rs 25, or 0.91%, to Rs 2,764 per quintal, with an open interest of 1,73,670 lots.
Likewise, prices for delivery in April moved up by Rs 23, or 0.86%, to Rs 2,709 per quintal in 81,620 lots.
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